"...I don't think it's fair to take 100% of Steemit Inc's stake and 100% of the sock puppet supporters stake and use it to fund future development..."

I disagree with this notion that anything was "taken" from anyone. The entire purpose of creating a new chain was so that "taking" any tokens could/would not occur. These tokens belonged to nobody. They are a new creation. They were not previously owned by anyone so nobody has a rightful claim to them.

I also do think that it is certainly "fair" to use all of these tokens for the future development, marketing, and onboarding to the Hive blockchain and its ecosystem, especially when that is left to community decision-making.

However, my personal view is that burning 50% of the tokens is acceptable. It is a rather large number of the total supply that, in my opinion, is not necessarily needed, since the DAO is also funded via inflation. Having ~40 million tokens reserved in the fund is a good bank roll to get us started and to maintain development and marketing for many years into the future, so I think I would support such a proposal to burn half of the current total.

I would be in favor of a one-time burn of those tokens though, not an incremental one.