True, but the guillotine image (unlike the video) can be interpreted in multiple ways, as you describe. It’s not an either/or situation. The first commenter wanted to use it in your second sense, and it fell flat with this community. Others pointed out the other use, and it was deemed acceptable for the most part.
That we have to see in advance what’s coming from far-right groups that establishment conservatives (who are more concerned lining their own pockets) think they can either control or dismiss as harmless fringe groups. The Nazis and other right-wing populist and fascist movements historically arise out of highly unequal societies created by conservative economic policies (the kinds of societies that also give rise to the guillotine).