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What part of his comment gives you any comfort? ALL of the quoted text below looks insanely scary to me when we are taking about potential fines of $20 million

What part of his comment gives you any comfort? ALL of the quoted text below looks insanely scary to me when we are taking about potential fines of $20 million: “2) many of [the regulators] are in disagreement about enforcement and priorities; 3) much of this is really about pseudo-taxation.... 4) some regulators are going to fight about who "gets to" go after certain companies;” So it says a) the rules are extremely unclear, even to regulators (which means that each of the 28 countries WILL have different interpretations of GDPR), b) that it WILL be abused to “tax” international companies; and c) each of the countries are so eager to abuse their newly granted “pseudo-taxation” collection powers that they will literally be waiting in line to do so. None of that gives me any comfort.

raverbashing 8y ago
> about potential fines of $20 million Stop repeating this BS. Unless you're facebook (and even then) you're not going to get fined $20 million
- downandout 8y ago
  Unless you're facebook (and even then) you're not going to get fined $20 million Facebook will face much larger fines. The maximum fine is 4% of revenue, or $20 million, whichever is greater. Have you not read the GDPR? Before you say “yeah but they won’t hand out big fines,” please show me where in the GDPR it says that they legally can’t. Because according to GP, GDPR will be used as a form of “pseudo-taxation”. That means abuse, and going after anyone and everyone for as much as they can.
  - raverbashing 8y ago
    They will get a 4% fine if and only if they do something worse than they're doing right now, make no effort to comply to the GDPR and they respond to every regulator enquiry with a scan of their private parts. Quite amazingly 4% of FB's revenue for 2017 is 1.6 Billion Dollars. Intel's anti-competition fine was bigger than that.
    - downandout 8y ago
      1.6 Billion Dollars What a bargain. And here I was, ridiculously thinking that the fines were high! For a small business like mine, I only have to pay up to 20 million EUR to foreign governments in countries I have never been to and do not operate in. Never mind that it would take me a lifetime or two to come up with that.
  - tripletao 8y ago
    (a) 20M EUR (b) It's possible to simultaneously believe that the GDPR is basically lawless (i.e., that regulatory discretion determines who pays what more than the text of the law does), and basically fine. That's how most of the countries in the world work--China has no law explaining who they'll kill for their organs, but I still know they won't kill me for mine. I happen to like the rule of law, and I'm sad to see Europe degrade that, with its citizens cheering the way; but most humans in history have lived without it.
    - downandout 8y ago
      a) 20M EUR You’re correct. Which is actually more than $20M. China has no law explaining who they'll kill for their organs, but I still know they won't kill me for mine I don’t live in China, and the odds that they will come to the US and kill me for my organs are quite small. However, the odds that the EU may be able to use existing, well-established international treaties regarding the enforcement of EU judgments to impose their new “pseudo-tax” on me in the US are considerably higher.
      - tripletao 8y ago
        I still think the US is unlikely to enforce a judgment for behavior that would have been lawful under US law. The existence of Privacy Shield (a program where US companies can voluntarily subject themselves to EU-style privacy regulations) seems to imply that, since it wouldn't be necessary otherwise. But no one can say for sure until the judge rules, so I can see not wanting to roll the dice...

raverbashing 8y ago

> about potential fines of $20 million Stop repeating this BS. Unless you're facebook (and even then) you're not going to get fined $20 million

downandout 8y ago
Unless you're facebook (and even then) you're not going to get fined $20 million Facebook will face much larger fines. The maximum fine is 4% of revenue, or $20 million, whichever is greater. Have you not read the GDPR? Before you say “yeah but they won’t hand out big fines,” please show me where in the GDPR it says that they legally can’t. Because according to GP, GDPR will be used as a form of “pseudo-taxation”. That means abuse, and going after anyone and everyone for as much as they can.
- raverbashing 8y ago
  They will get a 4% fine if and only if they do something worse than they're doing right now, make no effort to comply to the GDPR and they respond to every regulator enquiry with a scan of their private parts. Quite amazingly 4% of FB's revenue for 2017 is 1.6 Billion Dollars. Intel's anti-competition fine was bigger than that.
  - downandout 8y ago
    1.6 Billion Dollars What a bargain. And here I was, ridiculously thinking that the fines were high! For a small business like mine, I only have to pay up to 20 million EUR to foreign governments in countries I have never been to and do not operate in. Never mind that it would take me a lifetime or two to come up with that.
- tripletao 8y ago
  (a) 20M EUR (b) It's possible to simultaneously believe that the GDPR is basically lawless (i.e., that regulatory discretion determines who pays what more than the text of the law does), and basically fine. That's how most of the countries in the world work--China has no law explaining who they'll kill for their organs, but I still know they won't kill me for mine. I happen to like the rule of law, and I'm sad to see Europe degrade that, with its citizens cheering the way; but most humans in history have lived without it.
  - downandout 8y ago
    a) 20M EUR You’re correct. Which is actually more than $20M. China has no law explaining who they'll kill for their organs, but I still know they won't kill me for mine I don’t live in China, and the odds that they will come to the US and kill me for my organs are quite small. However, the odds that the EU may be able to use existing, well-established international treaties regarding the enforcement of EU judgments to impose their new “pseudo-tax” on me in the US are considerably higher.
    - tripletao 8y ago
      I still think the US is unlikely to enforce a judgment for behavior that would have been lawful under US law. The existence of Privacy Shield (a program where US companies can voluntarily subject themselves to EU-style privacy regulations) seems to imply that, since it wouldn't be necessary otherwise. But no one can say for sure until the judge rules, so I can see not wanting to roll the dice...