I have nothing against hobbyists moderating their tiny little corners but the vast majority of Reddit isn't it. Reddit demands more and more income out of the heaps of unpaid labour they've been thriving off of with little respect for the people who got them where they are. For me an ideal outcome would be Reddit paying for moderation of all subreddits of any notable size (unless they're corpo-owned too - then it's up to them). I would be over the moon if this turned into people questioning why Reddit is dictating things like this while profiting from unpaid moderators (if you get someone's labour worth AND don't even pay them that's an absolutely insane profit).
I personally deleted my account and don't even browse unless I need to for work. I'm happy to see people still deleting their content and deleting their accounts.
Reddit has been taking from their community and in spite of having the insane set up where they don't even have to pay for the moderation they push against the comfort of the community. It's time they pay. Literally.