To reflect on last part of your post. All new users that would come to platform will probably be in a minority and new distribution would need to take place to satisfy new 51%. That 51% percent would be again percieved by those 49% to be unfair. Truth is that you can't satisfy everyone. Even in perfect system where everybody would be equal and 100% would think it's fair, someone would think that its not fair for him. Since each being has his own moral code and principles where he measures himself to others.
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Yes, it is completely possible that today's 99% are tomorrow's 1%. It's actually very likely... if Steemit matches the market cap of Facebook, 1 STEEM = ~ $3500 USD. So the 70,000 or so users that are here today would become the new wealthy elite, and those that join Steemit in five years will consider wealth distribution to be unfair. Kinda like the baby boomers and the millenials...