I agree and I do mulch the last of my leaves "in place." I also sheet compost beds with shredded leaves (put the bagger on the mower, and empty the bag onto the beds.) I have a heavily treed lot, however (22 oak trees plus a handful of other species) on a 145x100 lot.) That is more mulched leaves than the lawn can handle.
Sometimes I think I might just let the leaves lay and let the lawn revert to forest floor. It would be interesting to watch it transition and to see what the birds, squirrels and wind planted over time.
Of course, the neighbors would stop speaking to me in the process.