If you replace the abbreviation "GDPR" with the words "food safety", you'll understand how silly such arguments sound.
An example: "The issue with food safety style regulations with huge penalties is that it makes it harder for new entrants to the market to operate without fear of violating the law by accident. Big food has no such fear due to huge legal departments."
An example: "The issue with food safety style regulations with huge penalties is that it makes it harder for new entrants to the market to operate without fear of violating the law by accident. Big food has no such fear due to huge legal departments."