@jimbo45 In addition to all of the above, you have direct availability for office online use with all of that 1 TB of storage, as well as additional services (like unified management of security through the Microsoft Defender for Office), family plan management, including but not limited to storage management, easier integration with Windows folder backups (Unless something has changed, OneDrive with Win 11 can automatically back up Desktop, Pictures, and Documents, where OneDrive with Office also allows for Videos and Music), and more.
If each person bought a retail copy of Office, even at dirt cheap prices, and only had the 5 or 15 GB of online storage, whatever that may be, to get it even close to 1 TB per person ends up costing more than just buying the subscription from Microsoft - and you can pay monthly, or yearly, meaning you don't have to drop a
ton of money at one time.
Make no mistake, subscriptions are geared in favor of the software developers for the most part - but being able to perpetually pay $10 / month versus having to dish out $400 at one time is pretty enticing for a lot of people, and it becomes more
accessible along with more
affordable in both the short run and the long run.
If it was a bad business model, then leasing condos, renting apartments, and leasing vehicles would all be failing miserably as well.
As for software ownership - it's nothing new that devs have been moving to a licensing model whereby the end user is allowed the right to install and use, but the license terms do not convey true ownership of the software. This is something that has been happening for 20+ years now, it's not like it just started any time recently. EULAs have been there for a long time, and the wording whereby a user was 'granted the limited license to install and use' any software package has been inherent in said EULAs for the majority of larger software packages for at least that long, most of them for much longer.
If you don't want to pay, it's certainly your right. There are plenty of other methods to get most of the same things accomplished. I'd warrant that perhaps less than 1% of all activities humans do on computers cannot be accomplished in a variety of ways, through different OSs and software packages, without paying a dime. Technically. Because Internet access still costs - and even if you try to argue that NetZero offers 10 hours a month of free dial-up, I;ll argue back that you're still paying for a telephone line to use it.