If the publishers are continuing to make money off selling the work, why shouldn't the people who actually made it get their share?
Again, I am not against residuals, but a contract is a contract and the right to contract is between individuals. Any "force" (unions, government) that twists and turns the right to contract is anti-individual, anti-freedom, and most certainly a group vs group powerplay that does not give the average individual any advantages - only the empowered individuals gain anything (at the expense of the unempowered).