You don't know what you're talking about. Squatters don't buy $8 domains to resell for $9, if they did, they would go out of business because the probability th

You don't know what you're talking about. Squatters don't buy $8 domains to resell for $9, if they did, they would go out of business because the probability that their $8 domain will be purchased from them within a year (or ever) is far lower than 100%. If a squatter manages to sell e.g. 10% of the domains they own in a given year, they'll break even – not even make a profit – if they sell those domains for $80 on average. In reality most squatted domains sell for more than that, easily hundreds or thousands of dollars. Such prices is why everyone hates squatters. How much profit Verisign is making has zero relation to how much the domains should cost. ICANN could require Verisign to give most of their domain registration profit to some charity or even just require them to buy and shred currency if you don't trust charities. Either way that would remove excessive profit from Verisign without inviting even more squatters by reducing the price of domains.