I would add: Either you are an engineer that management trusts and whose judgement they value, or you aren’t. If you aren’t, you’re in a bad position anyway.

There's a good article about it. Saying no is a budget. In other words you don't have enough veto power to stop all bad projects so you need to be strategic about spending this budget.

https://lalitm.com/post/why-senior-engineers-let-bad-project...

If management values your opinion on business operations and forward strategy, then you are an advisor and should be remunerated as such.

This is the right answer. Double down or triple down on this comment.