The same will, and should, happen to Reddit. One of the largest sites on the Internet is making money hand over first while moderators end up paying the price for no real benefit.
a) prevents people who want to be mods, from being mods
b) breaks the way the site works
What gives you the right to do that? Seriously, if you want to live in a nanny state, please, not in my back yard.
I do not want you to be my nanny.
Reddit's moderation problems are not so big that you are justified in putting a gun to other peoples' faces to force them to do it the way you want.
The Fair Labor Standards Act: https://webapps.dol.gov/elaws/whd/flsa/docs/volunteers.asp
Reddit's preference of exploiting unpaid labor, and it's failure to plan for the inevitable event where that exploited labor decides they want to be compensated for their work is entirely on Reddit Inc. A company valued at $3 billion should have understood the potential risk.
All Reddit mods who feel burned out or are otherwise struggling because of the work they've done as mods should file a complaint with the Dept. of Labor and request financial compensation for the work performed, and coverage of any medical treatment stemming from the results of moderating toxic communities.