The fact of the matter is that $7 a month for what they are investing in content is not a sustainable business model. People will pay the extra without batting an eye. If an extra few $20’s out of your pocket is that big a deal in a calendar year, you probably are not their target demographic anyways and shouldn’t be paying for streaming services since you need to focus on living expenses.
I have it on good authority that they spend lots on new content. Plus the actors and writers are going to be paid more. The customers fund the business. That’s how it works.