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There is nothing wrong with it.

When you buy a used game, you are buying another entities property. The intellectual property was already paid by the first purchaser. They do not have a right to the physical property they already sold and they never will have.

I consider immoral to just think otherwise. Imagine i write a book and sell it to you. The next person that buys the book will have to pay you and me, now multiply for several times for each copy. I would be getting money for nothing. Theres is no more sale on my part. Its immoral and shouldnt even be considered.
Imagine you buy a sugar candy. You give it a lick and dont like it and give it to your brother. Alas your brother would have to pay for that candy again before he licks it. Does it make any sense at all?!

Another one of those little abuses the videogames companies try to push us towards. Digital goods should be allowed to be resold aswell. I am pretty sure that was decreed in Europe, but isnt enforced.