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The purpose of bail is to help ensure that someone released had incentive to return for their court date. Bail money is refunded at the end of the trial, whether or not you are found guilty. Bail is not a fee nor a punitive measure. You pay it, go to court, and get your money back.
Excessive or unrealistic bail amounts are, again, illegal in most states and federally. I doubt these protesters are millionaires, and therefore it is excessive in that it guarantees no release.
How much of your bail do you have to pay to be bonded out?