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Is misstaken as deletion? English is not my first language, but I have a hard time reading this as "we may delete your channel".
Even without monetization, the community/discoverability benefits of YT have to be appealing. As much distaste as I have for Google, the ability to find a plurality (at least) of the content related to my area of interest in one place is quite appealing.
- We will stop giving you money
- We will force you to stop by delete the channel
I guess it can feel the same for many creators and be the same thing when communicating on twitter. (No sarcasm intended)