It is absurd to argue a loan is income. You get to keep income, you have to return the value of a loan, eventually. The process of unwinding the loan generates

It is absurd to argue a loan is income. You get to keep income, you have to return the value of a loan, eventually. The process of unwinding the loan generates tax revenue. Constant borrowing isn’t a free money machine, eventually you have to earn more to service the debt (income tax) or sell assets to pay it back (capital gains). Have you ever taken a loan?