Increasing inflation to fund SPS isn't improving incentives for content creators, curators, and witnesses, who are the backbone of value creation on Steem. While doing so makes the numbers bigger, it still drains the beneficial impact of those folks to fund improvements that inure directly to stakeholders.

Just as raising the minimum wage is pointless when industries raise their prices to compensate, raising inflation and still taxing rewards only obfuscates the drain on incentive to create benefits to investors in Steem.

I reckon that VP is based on stake, and funding SPS should be also. Those with authority to make a decision actually are responsible for it. Those that benefit from SPS should also fund it. Stake, not rewards, should be the basis for funding SPS, and as unpalatable as that may be for some, off-shoring costs isn't ethically acceptable, nor does it actually benefit stakeholders in the long run. It is too easy to look at this week's ROI and note that by off-shoring expenses to fund SPS one has prevented a decline in ROI today, when decreasing incentives to benefit investors over the long run but conceals the actual costs in unquantifiable ways.

Hiding a thing doesn't make it go away.

Forthrightly taking charge of it, however, potentiates careful application to results that can be of most benefit. I recommend the latter, rather than obfuscation, which typically also engenders increasing cost and reduced efficacy.

Thanks!