> Our entire society suffers because a bunch of people want to freeload on media
The freeloaders also include the copyright holders. Copyright was originally 28 years, but now it's life of the author plus 70 years, which from a consumer's perspective is effectively indefinite.
The purpose of copyright was to secure a limited monopoly so creators can profit off their works and be incentivized to create more. Nowadays, the copyright is no longer limited, and the copyright holders are most often not those creating the works. The social contract with copyright has long since been broken.
I think from an encouraging-the-arts perspective, the worst thing about the current crazy-long duration is that artists aren't free to react to and build on the contemporary influences of their youths. We're missing out on so much good stuff because artists can't go whichever way the mood strikes when they play with elements of works of the living artists that they enjoyed and admired and followed as they were developing. Copyright's so long that they can't too-closely engage with anyone's work unless the artist was dead before they were born. There's a latent, invisible whirlwind of creativity in the heads of writers, directors, et c., that they can't do anything with, and that we'll never get to see realized.
I think any copyright term where a 50-year-old director can't take their own crack at some movie they watched in high school without having to ask for permission, is certainly too long.