Oh FFS you people are seriously complaining about $24 a year? How many times a day do you use LP? 10, 20, 50, 100? How many other apps are more vital to what you do every day. Does LP regularly crap out and leave you hosed w/out your passwords in critical times - or does it work 99.999% of the time?
Now with that in mind - think real hard about the other software you use and pay money for. Think about the $$ you pay vs the value it gives you. I'll bet you pay more than $24/yr on some crappy software that you're not really happy with - but you've decided even though you don't really like it, and theres not really anything else, don't feel like switching, so you pay the money. It is "worth it" based on your personal maybe subconscience cost/benefit calculation. In that context - you know LP offers much more benefit for the cost.
Now, think of the people who write this code. Imagine you and a bunch of other devs wrote this code. If you had the skillz to write and maintain this critical (we're not flappy bird here, there is a lot of pressure if this code sucks) software - what do you think you're salary would be? What would be you're market rate and what would it take for LP/LMI to retain you? Now think of the team you would need and what they would need to be paid. If you were responsible for paying that team - what do you think you'd want to charge for this software?
Now I know LP is part of big corp now with dumb execs and a board who wants profit and whatnot, but they still gotta pay the people writing the code, and those people have kids to feed and want their market rate.
Look - the problem is you people are comparing LP price to other "free" software. You don't like paying for software, everything should be free, F the capitalist patriarchy, bring it all down etc etc - I get it. I don't work for LP or LMI and honestly I'm not even a big fan of capitalism - I'm just a user that knows the value (to me) of the software I use and I'd rather pay for it in cash than have it payed for some other way.
Which brings up another point - don't be so short sighted. Think about a world where all software is free. I hate to tell you - but in that world - and EVERY other world - somebody is getting paid and someone is paying. If you're getting software for free (or unusually cheap) guess what: you're not the customer - you're the product. Be smart - pay money for your software. Don't make them sell YOU to get their cash.
And for those of you who say F it, you're going to drop LP and go to some other tool - good luck. I've looked myself and the only thing that provides close to the features/functionality is 1Password - which at $50 is 2x LP's new price. From where I sit it looks like LP is actually really underpriced, even at $24/year.