The EU Has a New Revenue Stream: Fining American Tech Companies. It’s Legalized Extortion.
The EU is on track to make more money from fining US tech giants than from taxing its own citizens. This isn’t consumer protection – it’s a sovereign-scale extortion racket that turns regulation into a lucrative revenue stream. The fines fund the EU’s bureaucracy, not market fixes, creating a perverse incentive to keep punishing foreign innovation.