That's a very US-centric view. There are many countries in the world where median wages are below $1000/month, and then $10/month is 1% of your income, which is

That's a very US-centric view. There are many countries in the world where median wages are below $1000/month, and then $10/month is 1% of your income, which is a significant expense. Increasing the price even further means that people from poor countries won't be able to afford domains (at least not a .io or .com), and this is bad for the open web, because it means that fan forums move to Reddit or Discord, small businesses move to Facebook and WeChat, and so on, until all content is inside these walled gardens instead of the open web.