they spend their time on the work and then relinquish the product of that work at the time and price of their choosing
...to the people who have paid for that work.
An creator doesn't possess the less by their work being copied.
Yes, they do. Otherwise, you'd have to pay for it. Without paying for it, you would't be able to consume it.
Copying is not taking.
The media itself is not what's being stolen. It's the income being stolen by ingesting/consuming the media. If you don't pay for it, you don't consume it unless you steal it.
Is art only valuable if it can be profited from?
I have never made that argument nor that point.
What harm has been done to a baker if I take a loaf of bread from their trash?
You didn't pay for a loaf of bread. This is disingenuous anyways because bakers bake their goods in order to get paid for them.
system depends on it, not because it's ethical or justified.
An entirely different argument than what I'm making. A different system that what we live in doesn't exist currently so that entire argument is meaningless and piracy doesn't somehow magically bring about that other system.
We produce gratuitous surplus, we can provide the means of living to everyone without concern for exchanging it for labor.
Again with the fantasy. I agree with your fantasy. I would love that. We don't live in a world where people don't need money to survive. Full stop.
In which case piracy only accounts for lost revenue if and only if the pirate would have 100%, guaranteed, purchased the content if a pirates copy was not available. So your calculation does not work.
It isn't fantasy, we have social programs now, UBI exists now, 4 hour and reduced working hours are happening now.
You are the one insisting that compensation must come from exclusive ownership and consumption, and I've made a very realistic case for an alternative. Dismissing it as fantasy does nothing to prove otherwise.