Q:

Rep "prize money" when badges are awarded

Introduction
I would like to propose that whenever a badge is awarded an additional rep reward is also given (bear with me this isn't just an attempt to get more rep for my badges).
Context of rep
In almost all cases rep is given for subject level knowledge, well researched questions receive upvotes and accurate answers receive upvotes; both requiring subject level knowledge. The only way to gain rep without having subject level knowledge is editing and that’s a slow process at +2 a time.
However; rep opens up increasingly more tools. First convenience tools like comments and posting images then voting and then increasing levels of moderator tools.
Context of badges
Badges on the other hand are awarded for a wide variety of reasons, some subject level like Great-Answer but many are for correctly using the abilities you already have such as Deputy for raising 80 helpful flags or Steward for reviewing.
Badges are shiny and fun to collect but (apart from a few specific ones for moderator elections) have no other effect.
Conclusion
I believe that someone having previously been awarded the Marshal badge for raising 500 helpful flags is a good indication that they'll do a good job of close/reopen voting. Rep with badges would support this.

Considerations
The main purpose of stack exchange is and always should be answering questions. For these reasons some restrictions should probably be placed on this.

Bronze badges should probably get 0 because they are too easy to get.
Perhaps a limit should be set on badge based rep (similar to edit
based rep) or a ratio limit of badge rep to normal rep (probably too complicated)
Perhaps a minimum rep should be required before you start getting badge based rep to avoid people having high rep without ever having posted a well received question/answer (although this can already be achieved with editing)
Its also probably excessive to additionally reward badges that result from rep-generating activities, such as Great Answer
Easily gamable badges certainly shouldn't generate rep

A:

I think your basic premise here is a bit flawed:

The only way to gain rep without having subject level knowledge is editing and that’s a slow process at +2 a time.
However; rep opens up increasingly more tools. First convenience tools like comments and posting images then voting and then increasing levels of moderator tools.

This is certainly true, but why do we want to make it easier for people to solely participate in the non-Q&A activities?
When someone joins a site, their goal shouldn't be editing, flagging, commenting, etc. It should be asking and answering questions, at least to start with. Later on, as people become more familiar with the site, they can (and are encouraged to :)) move on to helping out with moderation activities, but by then they should already have access to the tools they need.
We have 100+ sites. If someone really wants a place where they can just edit posts and leave comments, surely they can find at least one where they're also familiar with the topic.

A:

It's a nice idea, but I'm against this for reasons stated in the comments which I'll summarize here:

we don't need to reward badge grinders with reputation; they usually do enough harm as it is, and I don't want to give them more privileges for that
people could create all sorts of goofy voting rings, from favoriting questions to upvoting comments
you have a lot more minutia to be stored in the system:  "Question X had 25 favorites, so now the owner get +25 reputation.  Time to update the database and set the flag on the question for the user so we don't accidentally award them +25 rep later on when the question fluctuates between 24 and 26 favorites"

Yes, badges exist to encourage good behavior, but badges should be a nice byproduct of maintaining the site, not the end goal like it is for badge farmers.
Even giving reputation for the Steward and Marshall badges could possibly cause problems; what if people find out that you can get rep for flagging items, and then go flag-happy.  Moderators already have a full plate as it is, they don't need a deluge of new flags from users trying to get extra reputation.

A:

I think this is a great idea for SOME badges.  Certainly the Booster, Publicist, Copy Editor, Reviewer, Steward, Deputy and Marshall badges are worthy of a little rep boost, but anything easy to gain through shady means probably shouldn't be awarded the extra prize.
EDIT: To clarify (as per hayd's comment), I'm pointing to badges that are difficult to sockpuppet, and show a level of dedication to making SE a better place.  Badges can be added/removed from my list, but my point is if you put that much effort into the site, you're probably doing it for a good reason and deserve the extra prize.

