Let me add Signal Ground lifts do not conform to Audio Engineering Society standard AES48. So basically any ground lift can be potentially dangerous. But cheater plugs and lift switches on pro audio gear still exist.
No they don't but they are included because many products do not properly terminate the ground on their XLR inputs. Ideally the cable shield should be grounded at one end only (preferably at the output) and connected to signal ground via a capacitor at the other end. However many, and in fact most, products simply ground the cable shield which can cause a ground loop. The ground lift switch breaks the ground loop.
A ground loop occurs when current flows in the shield. This happens if two devices have different ground potentials which can occur when plugged into different outlets with different ground potentials or if if the ground path creates a large loop area. In a perfect world ground potentials would be the same everywhere but this is rarely the case. A large loop area creates an inductor and any magnetic field intersecting that loop normal to the plane of the loop will induce current in the loop. Using short cables and keeping power cords bundled together helps reduce the loop area.
Lifting the ground on a cable shield does NOT present a safety hazard as this is not the means of grounding the chassis. The chassis is grounded via the power cord. It is important for the chassis to be grounded in the case of a fault condition. The insulation between the AC power and the chassis can fail. If the chassis is grounded this will cause the breaker to trip. If the chassis is not grounded the chassis can then become energized exposing the user to lethal voltages.
Lifting the ground on a computer is extremely bad practice. PC power supplies are notoriously inexpensive (i.e. cheap Chinese junk) and AC faults are not unusual. Lifting the ground can expose the user to deadly voltages. Furthermore lifting the ground on your PC will typically make any interference problems worse as the chassis is then floating. For proper shielding the chassis needs to be grounded and grounded well (and not have any stupid windows).
NEVER, EVER use a cheater plug as a ground lift. If you need to break a ground loop the first place to do it is at the audio cables. If it is an unbalanced cable you can do this simply by disconnecting the shield ground at one end, preferably the receiving end. If it's a balanced cable you can use the ground lift switch if so equipped. If there is no ground lift switch you can disconnect the shield ground inside the connector. You can buy XLR cables with the ground only connected at one end. Fractal Audio products use our proprietary "Humbuster" outputs which cancel shield ground noise.
As an absolute last resort you can use a ground isolator like an Ebtech Hum-X. This lifts the chassis ground by using a pair of diodes in anti-parallel. In the event of a AC fault the diodes will conduct tripping the breaker (hopefully before the diodes fail). Under normal operating conditions the chassis will be floating which will break the ground loop.
Oh, and I should add that the intended use of a cheater plug is to adapt a two-prong outlet to a three-prong cord by utilizing the faceplate mounting screw as a safety ground. Prior to the introduction of Romex, plastic junction boxes and three-prong outlets residential wiring used metallic conduit and metallic outlet boxes. Therefore the outlet box was grounded. A cheater plug then allows adapting a three-prong power cord to the old style outlet boxes by connecting the ground wire to the outlet box via the faceplate mounting screw. A cheater plug is NOT intended to be used as a ground lift.