There is no ethically honest argument in favor of retroactive copyright extension. The point of copyright is to present incentives for the creation of new works. It's a form of an agreement with the public: the public grants the content creator a limited monopoly for a certain period of years, and in exchange, the public gets the work which will then fall into the public domain once that monopoly expires. Extending copyright retroactively makes no sense unless you are distorting the purpose of copyright law. After all, the "deal" was clearly enough at the time of creation to incent the creator to create. Changing the terms of the deal retroactively later is a way to unilaterally change the deal with the opposing party: the public.
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