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indi wrote

I think that's too simplistic. I can't see anything wrong - for example - with someone in a marginalized or oppressed group calling out something incredibly stupid and/or destructive that that group is doing, either to themselves or another group.

Yes, "punching down" is generally wrong, but that doesn't mean the only thing that is right is "punching up". Context matters, including what's being satirized, why, who's doing the satirizing, what the broader social context is, and so on.