The distinction between copying and so called "actual theft" of CDs is so fricken minute. CDs are cheap as fuck to manufacture; the fact that a copy is not physically missing doesn't make it not stolen, it's the fact that one acquired a product that is supposed to have a set market value without the consent of and without any benefit to the producers and the merchants of said product that makes it theft.
When you pirate a CD you steal let's say, a total of ten dollars from the band, the label, a distro and a merchant (record store, Amazon, whatever) divided up whatever way. That's cash that the makers and distributors of a product don't have, for a product that you do have. It's stealing. Like straight up, it's stealing. Screw political correctness, arguments otherwise are inherently fucking retarded.