I disagree with that (and with endtime below).

The reality is that we don’t know how many good stories are submitted by those people trying to boost their karma points. Nor do we know for a fact that finding good stories is easy. So by taking those points away the community would risk lessening its effectiveness.

In fact, I’d argue that’s the most likely outcome. In my experience people work more effectively when they are being rewarded for their actions. That in mind I’d consider it more likely that those chasing points are the ones submitting the best story. So taking away the points for submitting stories could deprive the community of some of its best conversation pieces.

I could be wrong but since there’s no way to prove that either way