I really don’t know as I did not read the white paper.
But, based on a video debate I saw on youtube back in December, I am under impression that it is doubled every year and distributed based on a proof of stake mechanism. So, the more you have the more of a share of the annual inflation you get.
I can’t remember who it was but the guy had excerpts from the white paper, charts, etc. He liked the website and the platform, but was totally negative on the economic model.
I haven’t really done any digging into the subject myself.
One of my biggest gripes about Steemit is the lack of information coming from higher, these are things that should be passed on to us from Ned and other so called "witnesses".
The governance system is shit here on Steemit, and they really need some conformity.
“In it for the money” just like everything else
Sad, because Steemit could really be something great!