Nah, turning existing domains premium (sometimes 10x or higher cost) under the users is IMO worse, as it can catch people that just have it on auto-renew unaware.
I get a cheap domain for allegedly $1 renew and then get charged for $10 because they changed their minds. It should be illegal.
The crazy thing to me is that a lot of people see first-year prices for vanity domains and don’t seem to understand that the math doesn’t "math" if they’re going to keep the site for more than a couple of years.
They'll acquire an .app, .xyz, or .lol for a buck without realizing that in as little as two-three years, they’ve already spent the same amount as they would on a standard top-level domain like .com, .org, or .net. And now they're just losing money after that...
And there are first-year promotions for .com, too: currently a few registrars are offering one for $3-ish, although this is usually limited to one domain per account.