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Let us appreciate that ICANN doesn't manage access to other public resources, like water or healthcare.

Absurd, especially considering domains used to be free (before 1997.) They did, on the other hand, sometimes take a month to register.

Then .com became $100 a year... maybe they are hoping to get back to that level.

70%?! Wow, that's enough to fund all kinds of innovation in the domain name space.

If by innovation you mean raise salaries, hire new people and add to your management consulting contracts sure.

*raise executive salaries