Allowing the community to vote against a player who is behaving badly regardless of how much SP they have is a simple solution. The votes could have different levels of consequences depending on how many people vote against them and the level of the vote. One other option that I really like is requiring them to have a certain level of reputation and posts before they have any significant power towards upvotes or downvotes. A person with a rep under 70 would not have very much influence when they flag or downvote someone. Checks and balances need to be in place so the community can help to correct those that are detrimental to the prosperity of steemit as a community and the value of the tokens.
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You have put quite a bit more thought into this than I have and you have some very valid points. I never really thought as much about the bandwidth and storage but see how that could be a major problem now. I think your solution makes sense and at the least the community should discuss these sort of things. I guess the other option is just wait and see if these problems continue to cause issues and the devs can just fix leaks as they go. I have a feeling it will be dealt with eventually, but at what cost?