At least until Steam decides to stop hosting a popular game. Then the outcry will be real and people will decide that they own what they buy law be damned.
Even games that were removed from Steam like Hatred could still be downloaded by people who had already bought it.
I think you overestimate how much people are interested in their old games. People just want to move on to the latest and greatest hit.
Because they're bankrupt. Which they will eventually be, the only question is when.