This renewal proposal does not include the 10% maximum year over year increase in registration fees found in previous registry agreements. This limit should remain in effect. Inflation of the US dollar has been substantially less than 10% for 38 years and it is extremely unlikely for it to increase above 10% in any circumstance other than economic collapse. It would therefore be impossible to classify a price increase >10% as anything other than pure rent-seeking. ICANN is ultimately accountable to the Internet community and has a moral obligation to place that community above domain registrars. ICANN is therefore duty-bound to oppose rent-seeking by the domain registrars. This is absolutely critical to protect the creativity and innovation that the Internet contributes to our modern society.