I’d even argue public votes can deescalate some situations, for example where both sides of a relatively heated discussion can see they vote each other up. They don’t necessarily agree but they appreciate the other side’s points.
As for the transparency, it’s not possible to list all the votes of a user, one rather needs to list votes on a given post. To profile a given user the attacker would need to cross-reference the data from all posts and comments which is computationally infeasible, both client-side and server-side.
Incidentally the same labels make Gmail fundamentally incompatible with the way IMAP works causing lots of weirdness whenever you use any standard email client not specifically designed for Gmail.