Jesus. The biggest issue I see is who keeps these so called "trusted flaggers" in check? What accountability mechanism exists for them?
What prevents people working at those trusted flaggers from abusing the org's position and just banning stuff they don't personally like or for malicious actors to infiltrate the orgs to ban stuff? Kind of like a rogue Reddit/Discord mod on steroids. Since people who actively seek out power, are exactly the ones who shouldn't have it, according to Plato.
As all these orgs aren't elected like our politicians that we can change through votes yet they seem to have gotten the keys to online speech.
https://digital-strategy.ec.europa.eu/en/policies/trusted-fl...