Sorry, but your impression is wrong. Before the EIP the earning potential with SP was even higher than now.
The changes in the EIP did benefit all. It lowered earning potential over the whole board, leading to a better distribution of the pool. But it still doesn't forcibly expropriate holders. Which is good, that should not be a target, or holding wouldn't be desirable.
Wide distribution of the voting token is not valuable in itself. People who "can't afford" to put some money in and want all the tokens for free do not help the ecosystem at all. Sooner or later they sell, creating only downwards pressure. Faucets are good, but with too much given away through those there's no reason to buy any more. Long term that doesn't work.
Besides, authors who earn SMT will still be able to exchange them for STEEM to power up.