Your Stuff is Trash, Diagetically
Every piece of loot in game, no matter how cool (Firestorm, my beloved) is straight up garbage, as a matter of in universe world building.
The UESC you mow down by the dozens? Clanky sluggish 3D printed mall cops. Great heat resistance, but you can literally punch them to do death. The guns aren't doing much to them.
The runners, even the gooped up stacked 3 man death squads people mythologize? Trash. All made of flimsy polymer skin. You're just tube of go-gurt with delusions of grandeur. I doubt your gold shields could save you from a bicycle accident.
All the guns are just plastic 3d printed trash. I doubt that'd be much threat to an actual human. How do I know this? The compiler is slightly of above cannon fodder in the originals. In this game he's a really difficult boss battle.
As much kudos as I give Bungie for (like in Destiny) giving you great incentives to just throw all your stuff away, they already gave you the best reason: it's all slop. If you want to race to max cradle next reason remember that.