If you can. A lot of subscription TV channels have ads even though you have to pay to get them. Does paying for youtube block all ads, and if so will it continue to, or will they change as so many others have and just make your payment remove some ads? I'm not even counting sponsored content in a lot of videos as ads, but they are annoying too.

If you are a YouTube Premium subscriber you actually do get a button that skips in-video sponsor ads.