You're not wrong; it would probably make sense to have first/second/third level degrees instead of BSc/MSc/PhD (and their equivalents). We might even get there eventually. But the reason this would be desirable has nothing to do with etymology of "master's degree" (or "bachelor's degree"), nor with the hypocrisy of a university declaring the word "master" as offensive, while not renaming the corresponding degree.
> From earlier sophumer, from the obsolete sophom (“sophism or dialectical exercise”), likely influenced by Ancient Greek σοφός (sophós, “wise”) + μωρός (mōrós, “fool”). Compare oxymoron (literally “sharp-dull”), a similar contradiction.
I mean what the fuck is a sophomore?