They made it illegal to produce exact replicas of Frozen at the push of a button; they could make AI illegal too. Except, the only reason it's illegal to copy Frozen is that it gives rich people less money. Generative AI gives rich people more money, so if anything, it'll be illegal not to use it.

It's not an apt analogy, unless you think that the production of generative images will be restricted to a few parties (because that is what copyright does, it restricts the right to copy to the originator).

And then if it was restricted to a few parties, they still have to compete with human artists, they can't just charge whatever.