It’s certainly a hard situation, but I don’t think going along with the malicious agenda of the administration for the good of the community is a strong position. At some point you have to be decisive and accept that there will be negative consequences. Critically, it is not your fault! Someone is saying if you don’t do bad thing A, I’ll do bad thing B. If they do B, that’s not on you.

Of course you have to find balance, choose your battles etc., and everybody should have their own take, but the stakes here just aren’t that high for most folks: it’s low grade bullying that you can walk away from, and, in the process, show others that they don’t need to stay there either. Some subscribers will stick with a crumbling Reddit community to the bitter end, but others will see it go sour and look around for where the good parts of the community went. If you shift your efforts to a new setting, then some of those users will follow the gradient up from toxic Reddit to wherever you setup shop. If you work to keep the Reddit community as comfortable as possible, then you are reducing whatever impetus there is to find a better home.