Disagree with this. Your penalty is that you're in the back of the line. If there is no one you deem useful, why should one care if others pick them up. You've already got your position set for the next month's draft, the guys who pick will end up at the back of the line.
This is fine, at the same time I think there should be SOME kind of limit meaning you can't just suck up everyone left every single month.