Very based, would be a cool idea for a fic. I'd read it at least. Could also potentially do some cool stuff with Cap, there...
A potential issue here though is that whereas when the left puts these lines in Red Skull's mouth they're associating people like us with Red Skull, but in a story like this it'd be people like us choosing to associate ourselves with Red Skull and painting him as essentially heroic, which would be a hard angle to write since it's essentially directly in opposition to the post-war moral framework. You'd probably get freak outs even
here.
It might be easier to write as an AU of the Marvel Civil War, with the woke heroes standing in for Iron Man and being more globalist (maybe make the registration act a UN thing instead of a US thing?) and then potentially have Cap and some of the more old school heroes team up to an extent with Red Skull, but as more of an enemy-of-my-enemy thing? Can still have Red Skull making good points, of course.
(Note: this isn't at all me saying that there's an issue with your idea- I prefer your original idea to my modification- just saying that the optics and how you frame it is something to think through)