I m not sure I follow your logic; are you saying that the regulation is not that bad because you are not fined enough if you don't follow it ? Some of us just follow regulations because it's the law - regardless of the fine. I feel like we should be allowed to express our opinion about their merits or shortcomings without considering the penalty aspect which is an entirely separate conversation.

I believe the point was the exact opposite: the regulation isn't enforced, which creates these absurd opt-out dialogue trees. If it were to be enforced fully, then anyone without a "reject all" button would be slapped with fines. Maybe even anyone who doesn't abide by the do not track/global privacy control headers.