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Don't let the corporations tell you otherwise
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It doesn't. Those people are not a loss- they would not have bought even if piracy was impossible/unavailable, they would just do without. Companies claiming they have to raise prices to compensate for people who won't buy their crap is a lie, and you are a fool to believe it.
"they would not have bought even if piracy was impossible"
Yeah, they would forgo their hobby and look at the wall all day instead!
Or, you know, find something else...
That they couldn't pirate
No, dip ass.
If you're middle class or upper middle class and not a teenager, you spend money on the things you want. If you can get them for free, most people do that instead.
The last time you went to a museum and it was donation requested instead of admission required, did you put any money in? My money is on no.