YT already flagged LGBTQ content as objectionable and demonitized it years ago, and I, for one, never questioned their right to do so. I think it's a bad look for them and will have consequences, but most of those consequences are of the form "LGBTQ companies are going to think twice about tossing ad dollars your way" and "People have solid questions about your actual dedication to LGBTQ inclusivity," not "We should modify the law to take away your right to flag that content objectionable."
I agree that ad dollars are where YT is hurt the most, and them making bad decisions ought to lead to corrections via advertisers pulling out.
However, a lot of people making content on yt are facing demonetization due to the same thing: advertiser pressure. For things like swearing, any sort of violence, etc. A lot of people have issues in some game communities for example.
So I don't think relying on the benevolence of Coca-Cola is the best solution either. Until relatively recently it would not have cared about appearances regarding LBGTQ+ issues either.
