Is it normal to hate the tradition of gift giving?

Every christmas or birthday, people buy me a bunch of stuff I don't need or want, and it's just a huge waste of money. I just wish the whole tradition of gift giving was abolished.

I don't like receiving gifts because
1. It makes me feel indebted to the person giving me the gift,
2. It's usually something I wouldn't have bought with my own money.
3. I have to use the things people buy me in order to not hurt their feelings. If they buy me a book, I have to read it in case they talk to me about it in the future. If it's a decoration, I have to put it up in my house even if I think it's ugly, in case they come over for a visit.
4. It turns me into a hoarder. I'd feel like a jerk if I sold the gift or threw it away, so I have to store a bunch of items I don't really care much for.

I don't like giving gifts either.
1. I might afflict the gift receiver with the problems I listed about receiving gifts
2. If I'm financially going through a hard time, I'll have to buy a cheap gift, which may make me look like an asshole if they bought me an expensive gift.

Gift giving has become so ingrained in our society that if you tell people you don't want to participate, you're an asshole.

It's considered bad manners to tell someone what you'd like as a gift if you're not a kid, so the gifts people exchange are usually rubbish of no worth to the gift receiver. Gift giving is a pretty inefficient way of spending money unless you're just giving money directly, but giving money is looked down upon as "thoughtless", and gift cards are pointless when you can just gift money anyways.

The only universally good gift I can think of is food.

None of the people I know in real life seem to have a bad opinion about gift giving, but perhaps everyone is just pretending to enjoy it like I am. That's why I'm asking if it's normal.