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> Which would then mean that maybe these high karma users have too much power.

And on top of that are allowed to use HN as a platform to ask other users to jump to their aid in flagging stories they don't like.

Especially when it's a bit too easy to flag an article by mistake due to progressive rendering causing a misclick, or just being careless. I know I've done it, noticed, and then gone back to unflag. I wonder how often I've clicked off by a few pixels and didn't notice.

That's an interesting point. I hadn't even considered the possibility that a single user would have the power to drop a story by hundreds of positions. If that's the case then those users do have a lot of power.