OP, iI support your attitude. Unfortunately, in recent weeks I don't have enough time to browse forum and give Merits to users who deserves it. Or I just become too lazy. So, I still have plenty of my sMerit to give.
It's not fair. Higher-ranked users still need sMerits to reward other users. You should merit posts that deserve it, regardless of rank.
I understand your point, but I think it's some kind of waste of Merit to give it to Legendaries. Ok, I give 2 Merits to Legendary member and he get only 1 sMerit which he can send to low-ranked member. So, I would better to give my 2 Merits directly to low ranked users. But I'm not saying that we shouldn't give Merits to high ranked members. When I see Legendary with high number of Merits, it's like an indicator that he is great poster and it's worth to read what he wrote.