From everything I've seen it looks like a police state and media cartels wet dream, the ability to assign a unique address to every.single.device like a digital fingerprint so they can trivially trace back every statement, every video watched, every move, for later prosecution?
That was supposed to be the case with IPv4, and for a long time it was. If you want point-to-point communication, you need some kind of unique address on each end. It doesn't matter whether it's an IP address or a TCP port number. What makes it traceable is logging. Logging might be easier if every device actually has a pre-assigned static IP, but I suspect that for technical reasons ISPs will continue to prefer dynamic IP assignment. Tracing will probably be easier, but I doubt it will be "a police state and media cartel's wet dream".
Of course, inventing imaginary villains "SJWs" will ruin your mood regardless of technological infrastructure, so maybe you should work on that before worrying about IP addresses.