What’s racist about it? The “get what we deserve” part? I don’t think he’s talking about welfare, since he says later in the song:
“Now we demand a chance to do things for ourselves
We tired of beating our heads against the wall
And working for someone else”
Sounds like he just wanted equal opportunity to me.
From my perspective it stems from the whole double standard with regard to race. Say It Loud (I'm Black And I'm Proud) pretty much gets a pass and is praised as an affirmation of sorts. Yet imagine the outcry from liberals if a singer penned a song with the title of Say It Loud (I'm White And I'm Proud).