Right now the wealth distribution on Steemit is less fair than wealth distribution within the current fiat system; currently 1% of fiat participants control more than 50% of fiat wealth, whereas on Steemit:
Steemit is definitely distributing wealth from the 1% the 99%, whereas the fiat economy is funneling wealth to the 1% at an alarming rate. So Steemit is doing a much better job of creating a fair system of wealth distribution. I also agree that value is, for the most part, being transferred very efficiently from those not contributing to those that are. The analogy of healthy organic growth is spot on - Steemit is barely a newborn baby!
Now, what I really meant to say was .... "All that said, the current fiat/central bank socio-economic system is fair for 1% and unfair for 99% of the participants." ;)
I see Steemit as David and the US Federal Reserve as Goliath. If you can do a better job distributing wealth than current central bank complex, you win. And if you win, the 99% wins too.
The idea of wealth distribution is way overblown and becoming more and more so in a digital world, as users can seemlessly transfer wealth among different digital assets without censorship. The usual argument against the US dollar is that the US left the gold standard in 1971. So what? What is to stop a person from creating their own gold standard by converting dollars into gold every time they get a paycheck, effectively eliminating their exposure to US dollars... and they could have done that for the past 45 years.
The unfairness comes in when gold is outlawed and confiscated as was done in 1933 by the US government. With blockchain-based solutions coming online, it may eventually be possible to seamlessly hold gold and pay with dollars without censorship... and that goes for any other digital asset, or synthetic digital asset.
Wealth and money aren't the same thing. Money tracks wealth but it isn't the wealth itself. This means as long as there is a platform, there is a possibility for bloggers to leverage their talent for upvotes which can result in high money rewards. The talent is the actual wealth, the rewards are supposed to flow toward the talent.