KE ratio doesn't measure liquid tokens and can't measure stake held with a custodian.
It also can't measure value held on alternate accounts.

Take a look at something like the DFH.
The expected ratio there is infinity.
No one is expected to reinvest that money back into the chain.
That's extremely bad optics.

To make that claim that it is impossible to generate more value than you extract (when extracting everything) is provably incorrect. You making absolute statements like "there's no way" is exactly the problem I'm talking about. It's a metric that will be taken too far and has obvious diminishing returns. There's no question of this fact.