Security backed loans for what though? Personal spending? Building a factory to great jobs?

> "Security backed loans for what though? Personal spending? Building a factory to great jobs?"

Income for what though? Personal spending? Building a factory to great jobs?

Capital gains for what though? Personal spending? Building a factory to great jobs?

Property for what though? Personal spending? Building a factory to great jobs?

Inheritance for what though? Personal spending? Building a factory to great jobs?

What a strange question.

no more obvious than taxing against the whole value of the asset rather than just the loan.

I'm confused. You think it's better to tax the money you didn't get rather than the money you did get?