people should start realising that nothing is for free and regarding the $/hour gaming is apparently cheap.
Why should the $/hour determine the price of a product? Most things that cost far more than they should are because you are paying for a service (e.g. cinema), expertise (e.g. medical treament), geographical monopoly (e.g. restaurant @ Ski Resort), or just to own the top-of-the-line product (e.g. Rolex, Mercedes, etc). Video games fit none of those criteria.
Think about like this: it costs $200-400 to get a Kayak that can be used for hundreds or thousands of hours. Why is it that cheap? Because apparently that is how much it costs to pull a suitable profit after crafting a thick piece of plastic/fiberglass. The manufacturer doesn't give a shit if you are Kayaking every single day or maybe 5 hours per year, he wants to keep the price high enough to make a profit but low enough to be competitive. So what now, should the government step in and start taxing you every time you drop in the river just because someone should be getting paid every time you are enjoying yourself?