It is punitive. But I don't care. I already have a plot, but I'd love to see excess plots taken away from people who were otherwise grandfathered in with multiple. Just because something is legal doesn't make it moral, and SE should risk upsetting these greedy owners because it will be a net good for the community. You might say "You wouldn't be saying this if you were in their shoes." Probably, but I wouldn't have done what they did in the first place even given the opportunity. Just because you 'can' do something doesn't mean you should.