Sure, but there's a solution to that. It's called One Man, One Account. There really is no rational reason that I can see for people to be allowed to have multiple accounts, unless there's no way to get to OMOA without giving the government too much information. I wouldn't be surprised though if the gov. couldn't invent an algorithm that studies writing styles and figure out who's who. Or watch the flow of assets and see who's connected to whom.
But, let's say a whale split his account into a thousand little accounts. He's then lost his ability to market himself as a unique person and brand so not sure many would be willing to do that.
I think we need to get more creative. Maybe even offer big bucks to hire some Google developers who seem to do a good job of quantifying the "authority" of a content provider. Google is the 800 pound gorilla in search because they early on did the best job at providing search results that came from content providers who were authorities on their subject. If Steemit Inc. was on their game they would figure out who actually knows what they are talking about (like Google does), and figure out what any given person is interested in reading (like Facebook does), and provide a better social experience. With a ~$300 Million stake in SteemPower really has no excuse not to hire a small army of programmers to get that done. And preferably before someone else comes along and does it first. Like
who's looking for a test platform for EOS.
RE: Steemit's Biggest Investment Problem - The Cost/Benefit Analysis Reward Curve