The reason whales have more influence is that they have more at stake (i.e. skin in the game).
Yes but the current system is wildly disproportionate. A whale might have a thousand times more skin in the game but end up with a million times more influence. That leaves the little guy, or even the middle guy, with effectively no influence at all.
ok. But that imbalance can be solved by simply tuning the voting weight algorithm - as people have suggested for months. I would not oppose that sort of adjustment. I just don't see that a cap is necessary or useful.
If they establish a new tier of investors, how long will it be 'til steemit is flooded with posts from a new crop of users complaining about how unfair it is for whales to earn higher interest than regular users?