But people powering down and selling their steem would actually increase the value of your vote since there would be less overall steam power in the system. So the ratio of your steem power to the total steem power would increase. Of course the buying side would probably immediately power up and the price of your vote would revert to the original state, but it would not go down. It can only go down by other people powering up with newly generated tokens. So I would guess the inflation level has to be higher than they state. Unless I'm missing something.