I don't understand the desire to argue against this in identity politics terms, which I assume you realize is going to be extremely divisive. There's a far more simple argument that people, independent of ideological framing, would tend to agree upon. And that's what is valuable to one person isn't valuable, to the same degree, to another. For things that are completely illegal, like murder, such a system would be pretty useless because we already have systems in place to punish that sort of behavior and defacto social scoring on it as well.

So this is going to come down to things that aren't usually illegal or 'that illegal', but otherwise affect society. So for instance one group might want to reasonably punish the directors of a company that causes emissions. Another group might want to reasonable reward the directors of a company that creates a large number of desirable jobs. And even in this one example you immediately end up with a weird scenario. Is it okay to pollute as long as you make enough jobs? Who gets to decide that?

There's no need for cartoon villainy for this to be a bad idea. Even completely well intentioned, it just doesn't work out well. And the more diverse a society, the worse it's going to work.