> When a customer buys the software, they're entitled to that exact version forever

Sure. And if the audience is very broad that could be perpetually sustaining -- they're each year selling new licenses to people who just became old enough to want that type of software. You can see how a major IDE can afford to do that, right?

What it is really bad for is more niche software. This software often reaches its whole addressable audience in just a few years, and then revenue dips toward zero until the random occurrence of an OS breakage, which may take 1 year or 5 years. And some people even expect that "unbreaking" update to be free.

Obviously everyone has a right to refuse to buy under any business model other than a perpetual license if they wish. But I think that refusal to consider paying for subscription-based software under any circumstances greatly decreases the options that are going to be made at all, as the perpetual license model is absolutely unsustainable to all but the largest developers, and the apps with a very broad, naturally-replenishing audience. Everyone else will either quit or make ad-supported crap.