This is not an anti-Kindle rant. I have purchased (rented?) several Kindle titles myself.
However, YSK that you are only licensing access to the book from Amazon, you don’t own it like a physical book.
There have been cases where Amazon deletes a title from all devices. (Ironically, one version of “1984” was one such title).
https://www.nytimes.com/2009/07/18/technology/companies/18amazon.html
There have also been cases where a customer violated Amazon’s terms of service and lost access to all of their Kindle e-books. Amazon has all the power in this relationship. They can and do change the rules on us lowly peasants from time to time.
Here are the terms of use:
https://www.amazon.com/gp/help/customer/display.html?nodeId=201014950
Note, there are indeed ways to download your books and import them into something like Calibre (and remove the DRM from the books). If you do some web searches (and/or search YouTube) you can probably figure it out.
It is entirely possible to use a Kindle for epub only (that is, never “buy” a book from Amazon). There are lots of epub around, including from places like Gutenberg.
Additionally, the Libby app allows you to use your Kindle in conjunction with your local library’s electronic collection, which (in my case) is quite sizable and allows you to “borrow” DRMd books for a finite amount of time.