Only if you read it. Most people do not read it, same with ToSes.

If you ask someone if they killed your dog and they respond with a wall of text, then you’re immediately suspicious. You don’t even have to read it all.

The same is true of privacy policies. I’ve seen some companies have very short policies I could read in less than 30s, those companies are not suspicious.

Companies won't be talking about killing your dog though, so if you conflate this onto things lawyers may have required that suspicion may be completely un-based pigeonholing efforts.

Long policies can be needed depending on the litigiousness of the working environment. I used to work in an industry where that was beyond common, and it was required to be defensible in court. Accounting for factors that aren't commonly known like biases of judges towards individuals vs companies.

It really comes down to the legal landscape.

That's true, because of the EU privacy regulation, because they make companies write a wall of text before doing smth. suspicious.

I do not disagree. It could indeed be made shorter than usual, especially if you are not malicious.