I agree in theory.
Like anything else, when used in moderation, pay-for-votes is beneficial.
In extreme cases, where someone like @noganoo created about 1000 bots to upvote every post and comment will provide no benefit to the community and drain the rewards pool.
This is the most interesting facet of the anarchist movement. Anarchism will work perfectly if noone abuses/disagrees with the system. But human nature always opposes the norm.
Here is an example - https://steemit.com/steemit/@berniesanders/noganoo-mark-bretl-the-scammer-upvoting-shill-comments-with-his-accounts-flag-away
I remember this clip from way back. Awesome.
Soon it will be the Star Bellied Yunkers.