Why can't we increase individual people's holdings of USD proportionally like a stock split? Instead for legacy reasons the government creates money in a way the dilutes the currency holder's position. People perceive this as unfair because they don't like their shares (of purchasing power) being diluted.
People don't object to the money supply increasing. They object to their holdings being diluted in unaccountable ways.
> Why can't we increase individual people's holdings of USD proportionally like a stock split?
Because that would not serve the real purpose of printing money, which is hidden (and therefore politically much easier) taxation, to enrich the government and its cronies at the expense of everybody else.
People don't object to the money supply increasing. They object to their holdings being diluted in unaccountable ways.