I think you are over reaching. I didn't say people with a better IQ or any other reason you want to apply should have equal voting power to everyone else. I said there should be a max vote, possibly a tiered system. So that one vote isn't greater then 100's of votes.
As I already said but I think is an important factor is the current system discourages new members and new sign ups. That is not good for any social network which what steemit is.