I can guarantee you that this type of behavior means I'm writing fewer books. It's very short-sighted.
Historically most art was financed through patronage/sponsors, wealthy people or institutions that sponsored people for the social status, or commissioned works from them. Both of those systems have been democratized by the internet, with people sponsoring artists they like with systems like Patreon, or just straight paying them money to create something. The same is happening with Twitch subscriptions (essentially donations to the streamer). There's no reason it can't work on a larger scale for most literature. Sure, priorities would shift, but it might also enable authors more creative freedom than publishers are comfortable with.
Everybody deserves to be paid for their work and I would argue that this is more about preserving knowledge than it is about not having the writers get what they deserve.
*In general, so quite possibly also yours.