This argument would be more persuasive with examples. Also: touring music is notoriously non-remunerative; people think about U2's fleet of luxury busses, but the majority of acts, even ones that lots of people have heard of, barely cover gas money and the returns they'd get as the manager of a convenience store from touring --- which is work that is tremendously disruptive to actually building a life, which is why we pay long haul truck drivers so much money to do it.

I get a lot more value from recorded music than I do from live music; the idea that we should make it essentially impossible to make a living from music you only play in a studio doesn't sit well, since I like a lot of that music too.

My bigger problem here is a moral one, though. It's simple: a musician takes the time to compose and record a piece of music. I had nothing whatsoever to do with that work. What right do I have to set the terms that musician can use for their work? It's their work, not mine. If they want to charge $5,000 for a copy, that's their right; I can just listen to something else. If musicians writ large want to maximize the number of copies that are made of their work, they can do what Radiohead does and release on "pay what you want" terms. That almost nobody does this in practice is telling.