Actually being a racist? Bad. Pointing out that something sounded racist? An opportunity for the person who said that to apologize and reframe or withdraw, perhaps leading to a less racist environment.
There are consequences here because there is username, user identities are often shared across sites, and there is a karma system here. They may be mild, but obviously karma is consequential or it wouldn't exist as a concept on the site. Your score is your aggregate reputation among other users. People fear saying things that will lower their karma.
Welllll, you never really know though.
It seems prudent to not underestimate the googling skills of future (potential) employers...