Hi, I'm new to steem, I guess like most of us here and I'm slowly starting to understand how it works.
There Is High Inflation of Steempower due to the reward system on voting. It seems we all benefit from that in a way since our steempower balance grows even if we don't vote. If we work hard writing good posts and upvoting the right ones we can earn even more. But I think the few people who own the majority of the shares have an unfair advantage because of their voting power.
Having a lot of steempower makes it much easier to grow your balance even faster doesn't it? So I guess proportionally, an account with a lot of steempower will grow faster than an account that doesn't have much (in terms of interest rate) unless the account with a lot of steempower doesn't vote or publish anything.
What this means is that the proportion of total shares would keep getting bigger for the big accounts and keep getting smaller for the small accounts.
Maybe I'm missing something here and please enlighten me if I am.