I help moderate a mid-size subreddit (100,000-500,000 subscribers) and we're completely overrun by low quality content.
We tried adding new rules, silently removing/banning offending users, and making repeat announcements, but it seems like it's too little too late. A rehashed joke post can easily receive 100+ points in an hour while a good post may receive, at most, 20 points in the same time.