Morality and downloading

[One Above All]

Et tu, Brute?

I guess making my own money must be alright. It is my paper and my printer. I have not even 'stolen' anything, after all, it is "only a copy".

Wow. You're really getting desperate, aren't you?
In piracy, you don't sell the copy you've made. It doesn't go into circulation as a way to exchange goods. It doesn't devalue the original, no matter how much you try to claim it does.

I had a debate (if it can so be called) about piracy with a friend of mine. He couldn't answer one simple question, but perhaps (lolno) you can:
What are software developers losing when people who cannot afford their software download it illegally instead?

I want to note a few things:
I do not deny that, in the eyes of the law, piracy is theft. I do deny that it is, in fact, theft as it's commonly understood. I do deny that piracy is immoral.