“It is not about having a privacy policy that sounds good. It is about making sure your website does what that policy says.”
It is not recommended. Each website collects data differently, uses different tools, payment gateways and, above all, different cookies. Copying legal texts may cause you to provide incorrect information, omit providers or declare processing activities that do not match your case. This means you are not properly covered, you are failing to comply with the law and you expose yourself to possible sanctions.