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I am sort of missing a couple of crucial pointdshere.
Currently if you buy/license a book you are entitled to have it on your computer and a reader at the same time. You can back it up to storage media and keep it in a safe place, back it up online, redownload it etc. If Amazon goes out of business next week you can read it again on your computer.
And there are other options.
Second point being if this was a pbook would you want to own it forever? Most people don't have the space to store even half a book a week over a long period and if you don't read at least half a book a week, why buy an ereader.
Third point is that ebooks and their licensing do not take away any of our rights. You can still buy paper editions and keep them as long as you want. You can borrow paper books from the library. In addition you can get free ebooks and borrow ebooks from the library. Try borrowing a cheese burger from MacDonald's.
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