I say "or" in the title because I've not read the exact policy. My concern is with the implementation of whatever policy is in place. It feels very reminiscent of a socialist government. When a great invention is created the innovator isn't regarded as having created a success which they can then profit from (ie, rep points), but rather is regarded as having stumbled into something way to important to patent (ie, the government steals the invention and says, "It's for the greater good").
My point is, if a question is truly a question as in the case of this one, credit should not be taken by the community for the question. The user should get full credit for all points and should remain the author of the question. Users with high rep can already edit other questions, so the contribution aspect is a moot point in this argument. This policy (or perhaps misunderstanding of a correct policy) of stripping attribution and rep points is like reverse Darwinism.