No, RHEL “exploits” large companies and the public sector that require a lot of compliance certificates and long term service guarantees for the software they procure. If Red Hat doesn’t collect this money, it goes into the pockets of people with much lower upstream contributions than Red Hat.

The regular user doesn’t need RHEL. Fedora or any other non-enterprise Linux distribution is perfectily fine and they will directly benefit from the contribution that Red Hat finances through their enterprise sales.