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RE: Will Steem succeed or commit suicide?
Being equal in VP does not mean we'd end up with Kim Kardashian ASSets being the highest paid posts (a race to the bottom... get it?), but rather that the content that more people found worth a vote would be valued most.
A good way to examine what that would produce is to follow @screenname, who tracks posts that are undervalued, when the number of votes is compared to earnings. No ASSets end up on that list.
Neither does @sweetsssj. Dunno why exactly @dan started flagging her, but speculation I have heard is that the drain on the rewards pool was his target.
The problem of inequity in rewards certainly does exist, and just saying it doesn't won't make the content creators that are angry about stay and post more good content.