Generally, I agree.
But turning each line into a separate paragraph kills the ability for digital reading and machine readability.
The concept of the words should be maintained as one paragraph, not multiple paragraphs.
@Eugene Tyson's example is an excellent way to do this.
Another is this example I use in my accessible InDesign classes: it's one sentence and each word is in a separate text frame that's threaded to the next frame.


This allows me, as designer, to easily manipulate the alignment of each frame's text and format (in this example) with different colors, fonts, and sizes — and it keeps the sentence intact so that it will reflow correctly into various devices for digital publishing (PDF, EPUB, XML, etc.).