I'm very cautious about any infringement upon freedom of speech.
What would happen to the works of Mark Twain, of PG Wodehouse? They contain that loatesome word. Toss out a classic like Huckleberry Finn?! (These authors must be seen in the context of the time in which they were written, just as the words of the US Founding Fathers who were unjust to blacks and to women.)
I regard this as political correctness, which I loathe. Such a measure changes nothing of substance. Racists use PC as a shield. Far better to have the uginess out in the open, so we can fight it. I can think of several words used about women which anger me greatly, but I'd not have them banned by legilsation.
In this age of PC, we seem to have forgotten that trite but true, "sticks and stones may break my bones, but words will never hurt me" Of course words can hurt like hell, but they aren't to be feared as acts of violence are.
Yes, I think it would help the racists win.
And what would we ban next? This could go on and on.
I dislike "caucasion." It sounds like the brand of a shoe. I think it could get just that silly,