You should care. Because when there are too many people with status, and who aren't generating enough profit for QF, then benefits get "enhanced".
I'm sure that QF would love to do away with lifetime status. It's the type of thing that brings in revenue at the front-end, but has a (potentially) never ending liability (whether that be real, or something that they have to keep on their books) - just like defined benefit contribution pensions (and we've all seen what's happened to those).
And if you don't care about the overall picture - just your benefits, consider this: a bunch of LTP all vying for award seats and upgrade opportunites. Those people would be competing with people who are actual WP due to currently earned status. I'm pretty sure the latter wouldn't be too impressed by being squeezed by a bunch of "former" WPs, and I'm pretty sure I know which group QF would prefer to look after. Just like I'm not happy when some ex-pollie and his/her entourage get on a plane and take up a bunch of J seats, I wouldn't be happy about a bunch of LTPs doing the same. As an actual WP, I believe I'm still ahead of the LTGs
1/ I'm sorry - but all this talk of a "never ending liability"???
WTF?
There is no liability.
10 million LTG members costs $0.
There is only a cost when they fly (the same cost as exists for any SG member).
If they are also maintaining WP then there is additional revenue.
Costs are only incurred by LTG members when they actually fly - which means - when they actually generate revenue. Exactly the same as if they were simply a normal SG.
The fact is that QF will simply lose the business (revenue) of those "now casual flyers" who happen to be LTG due to previous FF activity. (if LTG was taken away / made too difficult).
There is no cost, nor any liability for having a LTG on the books. (no more or less than any SG). I'm sure QF has a formula for "average benefit cost per revenue dollar" and this formula would be a "per-flight" issue. Therefore - whether LTG or SG, costs are only incurred when the member flys. No fly - no costs.
2/ I'm more concerned with QF's liability caused by the rampant accumulation of points out there.
Whilst profitable for QFF, the continued "point-flation" means my points will be less and less valuable. It also means I have to compete with more people for award seats.
All these Frequent Spenders are already taking my award seats.
I take your final point - but my bigger concern is frequent spenders.
I just don't agree with the attitude of "I deserve this - but he doesn't".
I think it represents the worst of society.
I have a real problem with people who have this "entitlement" belief where they are entitled to the benefits - but no one else is.
I'm not being personal - but there is a whiff of this in your post.
3/ Remember that these LTPs are ONLY competing for seats and upgrades when they are actually flying.
It takes 20 years of Silver to get LTS.
It takes 20 years of Gold to get LTG.
And at 28,000 SC it takes 20 years of Platinum to get LTP.
4/ To analyze your very last point some more..... I don't want to get into the "Who is more loyal" discussion too much (and this is not directed at you personally - but you'll follow my argument).
A LTP who has been WP for 20 years - is pretty loyal. And given that they only cost benefits when they fly (spend with QF).
If you are a current WP or even WP1 flying on someone else's dime - you're "loyal" to QF today, and I can understand that you feel you're more deserving than a "former WP". And today, QF may agree.
But if you're employer decides tomorrow to start sending you EK F instead of QF on your TT and long-haul trips, I doubt you'll be too upset.
QF on the other hand may have a good reason to value the LTP who spent 20 years as a WP, and continues to give them business (albeit no longer at a WP level), rather than today's employer-funded WP with a sense of entitlement who is gone tomorrow.
It can be argued both ways.
But in Summary IMHO:
1/ Benefits are not a liability - they only cost when the LTP flys.
2/ After 20 years of WP - I don't think it's unreasonable.
3/ Having the incentive beyond LTG (and the revenue it generates) may very well compensate for any "program costs" for having LTP.