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Eh, sounds like a conspiracy theory. It's the kind of thing that would look really bad if it got out, but doesn't have much upside.
If it signifit affected profits, maybe, but this doesn't register there.
Not really, even if false. It's just a hypothesis.
We [current and former Reddit users] babble a lot about shit the admins do. If this got out, it wouldn't cause much damage to the already barely existent reputation of that shithole; and as HelixDab2 said, the ones still in that shithole would outrage for 15min then go back as if nothing happened.
I think that a system like this would actually increase the margin of profit, in the medium term. Because it would allow them to cut some slack to the cash cows, while you're still removing some users who are pissing the others off.
How would it "look bad"? The people that are paying for Reddit wouldn't give a shit, and the people that aren't making the site profitable would be outraged for 15 minutes, and then get over it.