No. If everything is subjective, then we must err on the side of being permissive, not restrictive, because if we choose restrictive, then everything is a threat of violence and illegal, and what you just said above is against the law and you need to go to jail for it (it isn't, and you don't - I'm just trying to illustrate a point).

Here's why you're wrong about your approach: if everything is subjective and the answer to everything is repression, then the law is no longer valid, and the only possible outcome is civil war.

If you do not want bloody, horrific, monstrous civil war with giant swarths of the population who don't agree with you, then you should err on the side of being permissive of questionable speech.

As you've seen from the mass riots recently in the USA, a massive violent response is only a single sensationalist news story away.

We need to support and encourage free speech.