What is wrong with piracy?
Technically it's stealing, which is illegal in all civilized countries.
The artist makes zero dollars, and zero cents off the download, which means they make less money, and lets be honest, people aren't just download super pop star music, they are downloading music of all kinds from all different genres.
And the argument that they make almost nothing from the labels, really doesn't apply to indie bands, those suave mother fuckers recording music in their garage/basements etc. selling their music on iTunes, they need you to buy their music to fucking eat, have a dry place to shit, and a bed to procreate in.
And that really is the biggest driving force behind the anti-piracy movement, money. If artists didn't get paid, and lived on a by donation basis because of their fame like in the old days, the art industry would crumble, and there would be less creative works for us to enjoy. Capitalism brought a new way for artists to survive, why should we deny them that right? Does your mechanic expect to be paid? Your accountant? Lawyer? Hairdresser? They sure fucking do, musicians provide you with the service of entertainment, pay them.
The RIAA in reality is just a collection of money hungry cock suckers though. Most of the reason piracy is a rampant as it is is because of them, and the other record labels that they represent. The music industry makes a considerable amount of money, and they just want it all. They overcharge for CDs, downloads, and anything else they are involved in. I feel if they would relax on pricing a bit, and worry less about lining their pockets with gold, and lower the prices a little on content, some of the people that do pirate, would purchase music. Pretty much the same as any other digital entertainment industry.