Bureaucrats who have a complete disconnect with what they are legislating but that somehow need to keep justifying their own job existence, will go ahead and vote regulations one after another even if they are unnecessary or harmful.
Bureaucracies will keep themselves alive by inventing new rules constantly and the EU is no different.
GDPR was not that bad though, it was about making sure that our personal information is not being sold to third parties like HR companies that provide services like telling companies your sexual orientation and other things of that nature.
GDPR was about telling the consumer what is being done with their data and about transparency, so at least it was for the people.
But this link tax is beyond absurd, and the content upload copyright infringement is only enforceable by the biggest companies.
In practice, Amazon S3 and Google Cloud will implement this on their cloud services and probably charge for it directly or indirectly to SaaS companies, and there will be a couple of years of a grey zone period where the law will not be actively enforced.