> When you purchase a domain, you're taking a valuable, limited resource, and paying, typically, a pittance for it.
They're not limited, the short ones are. I'm not sure why people think they're entitled to short domain names.
> You're not providing value, period, at all.
I mean, you pay an annual maintenance fee do you not? That funds the registrar, which funds ICANN.
> So stock buyers are providing value to the market, while domain squatters are actively removing value from the market.
Maybe squatting on a domain provides them some satisfaction, who are you to judge how people choose to use their domains? If I choose to host pics of cats on "cats.com" (as the current squatter is doing) am I any less entitled to the domain than PetSmart? Just because you don't approve of what I choose to do with it?
Yes domains aren't specifically fungible, they're slightly different with regards to how memorable they are. You can still do exactly the same with each of them: host a website.
Sounds like there's more market oriented ways to resolve this issue. If you feel like short domains provide the world outsized value, why charge the same $10 annual maintenance fee as a 15-letter domain? The shorter, the higher the registration fee. Problem solved?