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Keep in mind that your personal usecase isn't actually that relevant to the grander scheme.
Blame the people who used the old family sharing system to share with their friends and strangers.
That added functionality I personally feel much more significant than ability to share with people in other countries; parent & kid being able to play different games from dad's shared library at the same time, say. Yet it seems that few even mention it...
Why? what did you make them give you for that access? they can buy their own games. You aren't their parent. Sales happen on the daily so, prices shouldn't be an issue.
It's just people wanting to abuse something good, like usual. Even if I didn't have this/that or whatever, I wouldn't abuse a system to get access to them. I'll get them myself when able.
They call it Steam Families because it's meant for families.
Valve don't need to do ID checks, the limit to same Steam store region pretty much rules most of the abuse. The 1 year cool down on leaving a family before being allowed to join another also further serves as a deterrent to people still trying to sell access to games via the feature.
2.) Remove said features once monopoly is established and nothing can be done about it
3.) Swim in your oceans of money