That’s fair. I disagree that fraud applies to your point, because there is a transactional gain involved, but I agree that inciting violence is a limit on free speech.

The difference with hate speech, that specifically doesn’t lead to a crime like inciting violence, is that it’s ambiguous. It’s determined solely by the victim, without a tangible effect. That’s exactly the type of legislation that would lead to media censorship and control by a corrupt government.