If this word is bad, then it shouldn’t matter who is saying it.
The word is still bad.
I don’t think it’s a good thing that one group of people can use this word without repercussions and all other groups cannot.
Things to consider:
•What does this mean for the prolonging of the power of this word if anything?
•What precedent does this set for other similar things within society, where one group of people can be allowed to do something otherwise not good if done by any other group?