So we all came together, agreed on a shared store of value, then said no one can "poof it" into existence, and then gave said power to only a single entity that now makes more of it without doing anything and we're all supposed to think "that's normal".

It's not theft, but it's not that far off from it. But at this point, we've normalized things like "taxes" anyways, so peoples' definition of theft doesn't align with reality, so why would it be different when it comes to printing of money.

Everyone is just post-rationalizing about this because they can't cope with the logical inconsistency of the world they live in.