Yes, all those things would be broken if I don't need any leverage, and my loans were backed by liquid assets I already possess that I'm avoiding selling in an effort to avoid taxable events even though I really want to purchase a fancy Palo Alto compound that occupies an entire block.

For the vast majority of folk who take out the loans you listed, the loans are leveraged and are either unsecured, or secured by the car or property the loan was made out for, and therefore no underlying value to tax prior to the loan being issued. You knew this already, and I have doubts you're making this false equivalency argument in good faith.