I got that suggestion recently talking to a colleague from a prestigious university.
Her suggestion was simple: Kick out all non-ivy league and most international researchers. Then you have a working reputation system.
Make of that what you will ...
all non-ivy league researchers? that seems a little harsh IMO. i've read some amazing papers from T50 or even some T100 universities.
Maybe there should be some type of strike rules. Say 3 bad articles from any institution and they get 10 year ban. Whatever their prestige or monetary value is. You let people under your name to release bad articles you are out for a while.
Treat everyone equally. After 10 years of only quality you get chance to get back. Before that though luck.
Ahh, your colleague wants a higher concentration of "that comet might be an interstellar spacecraft" articles.
Keep in mind the fabulous mathematical research of people like Perelman [1], and one might even count Grothendieck [2].
[1] https://en.wikipedia.org/wiki/Grigori_Perelman [2] https://www.ams.org/notices/200808/tx080800930p.pdf