I argue it does more harm than good. In spirit it is supposed to be a fair, consistent way to keep problem posters in check.
Instead, it deeply alienates good posters who get caught up by overzealous mods or who make an occasional poo on the living room floor.
It doesn't really keep problem posters in check.
Its application is subjective according to the many different mods with many different moderation approaches.
It promotes a culture of toxicity among the community and plays the main role in the "us vs. them" mentality between mods and the community at large. I do not remember this being an issue prior to the point system being in place.
I argue to just dump it. Let mods delete posts and let the modadmins place posters on mod review, temp ban, or permaban posters.
Agreed.
But, I don't own this site. Dave Leip does. He runs it however he will. And, evidently, he doesn't do it alone. So, we could have God [Dave Leip]
or God and His Trusted Followers (Dave Leip with his trusted cast of supporting players, a.k.a. moderators).
If people find being at this site so personally important to them, each applicable individual will keep himself/herself in control enough not to get booted out of here. (This isn't applicable to anyone with any mental and/or health problems.) Those who fail with that end up getting taken out of here like they are garbage.