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It's to the point where I rarely bother to buy games anymore, because I don't like how long it takes me to find a great deal...
Yes, but not by highest discount: 90%, 80% ... 10%.
Because that's mostly irrelevant.
A ♥♥♥♥♥♥ game for 99 % of is still a ♥♥♥♥♥♥ game. A package for 90 % can still be hundreds of dollars. A game that just got a price reduction can have a lower discount and be more cheaper overall than before.
That's true, but it's much more efficient for people to search for good deals if they can sort by discount percentage, compared to looking through by price alone.
If Steam decided to put a great game on sale with a larger discount than normal (say, 75% off instead of 50%), I would much prefer to be able to sort by discount % and then find it within the first few pages of results, instead of currently having to sort by price and then searching through DOZENS of pages of other (mostly worse) games to finally find it (if you even find it at all).
This could turn potentially wasted hours of searching into something that could take minutes instead.
Nothing would change. You'd still have to find a good game 75 % off among the thousands of 90 % off low effort titles.
Frankly, searching through sales on Steam is the least efficient way to find anything. Either there are sites/channels/curators/subreddits/whatever outside source that highlight such deals or you are better off using your wishlist and focus on buying what you marked as interesting instead of just buying a game because it's cheap.