Earlier quoted context omitted.
It not really about the intent, but rather how the intent is perceived. The reason to not use the N-word is for me identical to toxic masculinity. Most recipients and people who happen to be near won't interpret it in any positive way. Both are unproductive for meaningful discourse and leads to a hostile environment. Since people who use those term is usually well aware of the reaction, it must be assumed that it is…
Are we really equating the usage of the N-word, a term which has massive historical racist baggage behind it, to the term 'toxic masculinity' which is a well-known and defined term which does not have any sort of baggage like that behind it?
No, we are not. We are comparing by way of analogy, which is not the same as equating.