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This reads like somebody just wanting to complain.

YC says that their startups need to move to SF/SV? Yeah, they do. They do it because they see real, concrete value for a startup being there. YC has actual experience with startups, so they have a reasonable basis for knowing what they're talking about. This isn't "Silicon Valley Arrogance", it's some people who are actually involved seeing that there are concrete benefits to being in SF/SV.

YC is talking about basic income because they think SV's going to have all the money and everyone else is going to be left behind? YC's talking about basic income because they see people being left behind, and they actually care enough to want to do something about it. That's not arrogance; it's observation plus compassion.