This is very lucid. There are many examples of real world investors being too greedy and eventually cutting their own throats because of it, Enron, Bernie Madoff, more beyond count.
The white paper supposed that ~90% of rewards going to ~30% of accounts was the correct ratio to best encourage growth of Steemit and price appreciation of Steem. However the lastest numbers I have seen indicate that ~99% of rewards inure to but ~1% of accounts, and this is orders of magnitude more skewed than they claim to have intended.
This data is from just prior to HF19. I don't think (but don't know) that the situation has changed much. Some of the names have changed, for example @mindhunter should be at the top of the chart in recent data, but the distribution of rewards is probably the same, or perhaps even more skewed, as the decrease in minnow votes by 400% has dramatically impacted curation.