These whales wars should really stop one day, because You can notice many flagged posts everyday. I feel that it is more about revenge and not saving the reward pool. I dont know about your opinion Steemians! But thats how it looks to me. Always the same people flagging each other.
Instead of flagging each other like crazy and involving many other people in their scenario, they should take care about spam. There are many spammers out there and need to be flagged to clean this platform. As those whales have enough power they can take care about it.

Your theory is good! Needs only the right people to understand it.