Earlier quoted context omitted.
44100hz sample rate is enough to reproduce well above the highest frequency even young humans can hear, and 16 bits of depth is enough for 96db of dynamic range, enough to make the noise floor of any consumer system totally inaudible. Standard CDs might not be good enough for archival and further production work (where you also need wiggle room for further processing or format changes), but they have plenty of headro…
So it's been many years since I looked at this stuff, but the reason for higher sample rate isn't to do with humans being able to hear over 20khz. If you sample at 44khz you need a high pass filter at 22khz to avoid aliasing. Since that's pretty close to 20khz, it needs a pretty sharp drop off. Having a filter with a sharp drop off can introduce artifacts. With 96khz sampling rate, you don't need as a sharp drop off…
Its vwry “spherical cow”. It assumes all your filters, DACs, are perfect, and that time is infinite.