Except that your other teammates are also reliant on you to get past the enemies defense.
This would only work as a valid argument if the game wasn't designed to be equally about competitive infighting as it is about cooperation.
no, scaling isn't exponential
While "exponential" isn't the correct term(I suppose "multiplicative" would be), the scaling is still such that your level increases the base damages and investing in the attributes also increases the multiplier on those increases, which means that you will be significantly outpacing someone who spreads his points around.