My take on this is basically the same as it is on wearing PFD's.
I think that if your married, have children or anyone else that depend on you for financial or emotional support, then you have an obligation to do all you can to stay safe and lessen their worry.
Others like myself don't have this blessing/burden and in practical terms no-one is going to suffer financially or long term emotionally if I don't make it back. My family/friends know I like the outdoor thing and would miss me but understand I accept the risk.
I don't have a death wish or relish the idea of dying a gruesome death if stranded and can't get out on my own. But the idea of everyone having Spots/Sats and inevitably Cell Phone capabilities bothers me as that will eventually lead to what it has in day to day life, non stop texting/talking in public with the complete disregard for anyone else that maybe in earshot. Once the floodgates are opened by any kind of mandatory ruling, abuses will surely follow. Are we ready to except that?
Another good point is that some people will abuse the system like prouboy mentioned becasue they'll overreach their abilities figuring they can get rescued anytime they want.
Do we really want our First Responders additionally burdened with call from wilderness travelers that have decided the want out NOW just becasue they can get a call out and expect the authorities to respond?
Mandating devices seems a bit of a stretch, but it's probably coming. Somebody will end up mandating canoe mfgs put chips in their products for "liability" issues and the decision will be out of our hands.
Wally has it about right. His wife will move on, although she might have to sell some of his stuff until the insurance check clears. I'm sure the contents of his "jelly cabinet" would fetch a tidy sum, and the Evil Black Rifle too.