> what would be the right percentage? Surely not 100%?
You say that like 100% is some kind of meaningful threshold. It should be a lot more than 100%, for the same reason that spending on growing crops in China is more than 100% of spending on growing crops in Antarctica, or spending on basketball coaching for men who are six feet tall is more than 100% of spending on basketball coaching for men who are four feet tall.
You say that like 100% is some kind of meaningful threshold. It should be a lot more than 100%, for the same reason that spending on growing crops in China is more than 100% of spending on growing crops in Antarctica, or spending on basketball coaching for men who are six feet tall is more than 100% of spending on basketball coaching for men who are four feet tall.