We study a long-recognised but under-appreciated symmetry called "dynamical similarity" and illustrate its relevance to many important conceptual problems in fundamental physics. Dynamical similarities are general transformations of a system where the unit of Hamilton's principal function is rescaled, and therefore represent a kind of dynamical scaling symmetry with formal properties that differ from many standard symmetries. To study this symmetry, we develop a general framework for symmetries that distinguishes the observable and surplus structures of a theory by using the minimal freely specifiable initial data for the theory that is necessary to achieve empirical adequacy. This framework is then applied to well-studied examples includin...