Is domain name hording ethical?

[MarketMan]

I've been grappling with this for a while: is it really ethical to buy domain names just to sell them to people in the future?

I don't really see how it benefits anybody...you could make the argument that you're "holding" the domain name for a "bidder" but doesn't that just take it away from someone who could be using it for a legit purpose? If that person gets a good enough offer, he can always sell it also...


I almost think they should tax domain names (like they do realestate) to prevent people from just buying and holding. I can't tell you how many times I've tried to get a name only to find that some company owned it and wanted $4,000 for it...