The advocates of "hate speech" restrictions actually have a point when they argue this

"<racist epithet> are murderous thugs" is hate speech that is apt to result in race war even if it is true of a disproportionate minority of that group, indeed particularly if it is true of a small but disproportionate minority of that group.

"<racist epithet> no-hablo-english <colorful racist epithet> with no job <racist epithet> purchased million dollar houses no money down" is also categorized as hate speech, but is more likely to result in responsible lending policies than race war.