I don't think your math is correct.

But you're telling me that people will not post because they'll "only" be getting $0.27 (or 27% of the stated payout, according to you) for a post nobody sees instead of nothing at all most everywhere else? I'd be willing to bet against this claim.

I also don't think that you're taking into account that better incentives for stakeholders likely means additional positive price pressure for STEEM, which would make each of those "1 USD upvotes" more than 1 USD.