I am writing to object to the deal ICANN is making with Verisign to allow increasing of prices on .com TLDs.

It's wrong that one single company is given a total monopoly on selling something and setting it's price. It's effectively a license to print money without any competition for free market pricing. There's no option for domain owners to choose a cheaper alternative because there are none. Domain owners are held to ransom and have to pay ever increasing prices for the profit of one company (and ICANN) as there's no alternative.

It seems wrong anyway that you have to continually pay each year to have a domain name rather then owning it outright after a single payment but to have no choice but to keep paying endlessly rising prices for it each year is even worse.

Thanks

Michael Keeney