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Yes, we will lose our first amendment rights if people can’t get rich off of telling obvious lies and slander against grieving parents. Look at yourself in the mirror and try again.
No human has the omniscience to be able to flag anything as "true" or "false". Best example in recent history: Hunter Laptop. People will flag it as "false" even knowing it's "true". The FBI and 51 officials did exactly that and it was enough to swing 2020 election all by itself. Not to mention the 100s of other political lies, everything from drinking bleach hoax, to "good people on both sides" hoax.