The internet is a land of profiteering as it is. To impose fixed increases YOY with no material reason is monopolized effort for quick cash.
I was born into the dot com world and without it, I don't know where I would be. Shame on you for making a quick buck at the expense of others. Because you can does not make it right.
I am proud to add ICANN to the list of organizations that are blatantly thief's.
Please reconsider and do the right thing,
Marc