Initially it would. If Google is any good at scoring links webmasters would quickly figure out the non-benefit and would stop.
And Google could feel free to be overly harsh in making links neutral in value. Better to miss to the middle, than to miss to the negative and punish good sites being bombed with spam links by competitors.
And Google could feel free to be overly harsh in making links neutral in value. Better to miss to the middle, than to miss to the negative and punish good sites being bombed with spam links by competitors.
Aka first do no harm.