I guess I am looking at it from the employee perspective. If you want to advance it’s probably better to risk being called toxic instead of being a good team player who never gets anywhere.
From a mgmt perspective, assuming a good manager, it does.
If your team/org doesn't approach it that way, the solution is find a high performing team that does approach it that way, not become toxic yourself. 10/10 high performance, long term successful teams approach things this way (source: this study, and people who have experienced this approach luckily).
From my experience in most cases it's not getting you anywhere. You will just be taken as granted.