Intellectual property doesn't actually exist. Physical property does, though.

When people own their hard drives, they are allowed to do whatever they want with it, including ripping it and backing it up. It's their thing, they can do whatever they please with it. If copyright monopolists don't like it they can kick rocks; not like they can find out anyway.

In other words, keep your hands off my hard drive. My copy that I bought is not "your thing".