If you don't like it, fork it out of the code. Make it so that all votes are equal regardless of your investment.

Because that has anything what so ever to the question regarding what you perceive as A Utility from Steem.

I'm not saying it is sustainable, but this is what Steem is, it's how they coded it. In order to give their token a market value, they had to give it a utility and that utility was you can draw more rewards if you own more Steem.

False. Owning Steem doesn't draw you any, ANY rewards. Locking up your Steem does.