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Here is how this makes sense for YOU: New games could then be cheaper. Why? Publishers KNOW that they will not make money on resold games, so they charge more to you, the first buyer. You are paying for others' rights to use your game in the future. If the old system had gone into place, you would likely have seen game prices drop. Or, at the very least, it could have staved off price increases.
If Microsoft both could and would have significantly lowered new game prices, don't these people think M$ would have been throwing that in our faces from day one? Why did they open with regional locks and mandatory online and built-in kinect, instead of < $50 new games? Why was this inevitable result never made a big selling point by Microsoft for the original Xbone? Because these theories are nothing but bulltrout fabrications.