The primary motivation behind terrorism, is as the name suggests, not material violence but psychological damage and attack on the nerve centers and political systems and ideologies of targets. The physical violence is only secondary and a tool. So to evaluate terrorism in terms of body count, and not generated fear, is quite myopic.
It also of course ignores that systems aren't uniform and can take blows at any point with equal consequence. Terrorism at a political focal point of 10k people can collapse a nation state a thousand times as large, ask Franz Ferdinand and Europe. The effects aren't linear.
It's quite frightening to see how shallow and superficial the analysis of people has become who are apparently in charge of our institutions, because this thinking is extremely prevalent.