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I assume you're coyly referring to the fact that the original owner still has a copy. See if you can figure out why that's irrelevant.
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It's not irrelevant at all, I am afraid. If I make a copy of your work for my own private use this only affects your bottom line if I would have bought a licensed one otherwise. Is it moral? It depends. Several Copyright Acts have provisions for private copying (including the right to give away such copies to friends and family). Does it affect your ability to sell original copies to other people? No. Is it theft? Not in my book.
You're probably going to disagree. That's fine, which is why I suggest we keep it there.