Interesting question!
Of course we'd pay double. Not overnight, but slowly and surely we will. I already pay double relative to when it was under a buck fiddy.
Let me ask a few more....
Could you imagine paying $100/month for a mobile phone? How about paying $100/month for tv and $50/month for internets? $12/month for radio? $400 for a gaming console? $2k for a tv? $1k for a computer or three? ipod, ipad, idontknow?
Now that you've had some or all of them, can you imagine NOT paying for these?
It's amazing how all these little buggers infiltrate our lives. Tack on car insurance, health insurance, home insurance, insurance insurance, double/triple taxation and you better be driving that depreciating liability to earn those.
"That....Mr. Anderson, is the sound of inevitability."