If you allow me a strawman, the only possible outcome of this is to only expect perfection from everyone, thus building a society based on hiding forever any and all your mistakes.
A satirical twitter account impersonating Satan once twitted "one sin or a thousand sin and you and in hell anyway. Why not go for a billion and come down like a hero?"
I am not saying your opinion is wrong, but it absolutely needs a concept of redemption for balance
But perhaps they should pay a small fine for each account erroneously censored, so that they have a clear incentive to get better. (Who would levy that fine, in the context of multinational corporations, is a separate debate.)
As a practical example public train service in Germany was privatized some decades ago; obviously to guarantee quality the contract stipulate some quotas that need to be reached, one of these is that delays needs to be below a certain level; here comes a captcha, if a train is cancelled it does not count as a delay.
So the financial incentives are essentially to have little (but non zero) delays and cancel all trains with a above average delay.
You cannot game the system and expect the system is not going to game you.
Or better, are you going to be prepared for the consequence of a policy like the one you propose in practice?
Tiktok AFAICR doesn't have the poor systems that say various Google products do for example. I'm not aware of a pattern of behavior on their front, just suspicion.
That sounds like a reasonable expectation, yes.
If a company doesn't achieve it or is not even making incremental progress towards it, then it should come under fire.