Nah reddit mods are actually awful. I would tend to agree with you if it were a bunch of random mod teams but reddit is almost entirely controlled by a small group of powermods who get off on flexing their minute amount of power on an internet discussion forum. Truly awful people who contribute nothing to society by taking over small communities so they can use their power to indiscriminately ban people they disagree with.
The only incentive to become a reddit powermod is power.

Sometimes, sure. But with ~15 years on reddit I have run into some power-tripping mods before… /r/portland, for example - I mainly agree with their politics but when I didn’t they’d delete all of my posts and then shadowban me. Not allowed to disagree.

Try to open a controversial topic, let’s say CCP or other heated sub reddit, Even when non political, mods straight power tripping when you ask serious questions.

But I think this is a reference for an old thread of “my wife think being a mod is not a real job”

Yes, actually despite claiming to be volunteers, mods of large communities on reddit are frequently offered decent sums of money for going along with shilling/advertising. That’s why many tried to become mods of hundreds of major subs, not for “power”.