This is a stake based platform, and what this essentially does is says "your stake matters, but don't have too much of it".

That's absolutely misleading. This isn't about an account having too much stake, but rather about the ninja mined stake from Steemit Inc., which was unfairly mined and is now threatening the governance of this system.

Nobody of these Witnesses would just censor an account, because of too much stake. That is absurd and misleading.