The average bit of user-generated content is of very low quality. Which is why pretty much any successful platform, this one included, uses user-generated signals to filter the good stuff to the top. And any social context is prone to vicious circles where dark triad find somewhere successful and ruin it. Preventing that requires active weeding. All of that is labor I value.
The platform deserves some credit. But as all the developers here know, Reddit is not succeeding on the strength of its software. Reddit doesn't have a technology moat. It's a pretty standard web forum. They didn't invent it, they didn't perfect it, and not only could it be replicated, it has been many times.
So should the platform get paid? Definitely. Reddit-the-corporation should have enough cashflow to cover the bills and support the necessary staff. But right now the tail is trying to wag the dog, and Reddit-the-community is not having it.