In Sakurai's Modern Quantum Mechanics Chapter 1, he makes an analogy between polarized light and the results of the Stern-Gerlach experiment.
He compares the existence of a $S_{z}^{+}$ and $S_{z}^{-}$ component in an $S_{z}^{+}$ beam passed through an apparatus that splits the beam as $S_{x}^{+}$ and $S_{x}^{-}$ to polarized light that passes first through an $x$ filter followed by a filter at $45^{\circ}$ and then through a $y$ filter. In both cases, the beam appears to 'forget' what its initial state was, after it passes through the intermediary.
Now, Sakurai extends this analogy to write $S_{x}^{+}$ and $S_{x}^{-}$ as a linear combination of $S_{z}^{+}$ and $S_{z}^{-}$, thus exhausting all possible linear combinations using $S_{z}$ as a basis. He now asks how $S_{y}^{+}$ and $S_{y}^{-}$ should be written, now that $S_{z}$ has been exhausted. For this, he alludes to how circularly polarized light and linearly polarized light at $45^{\circ}$ both have equal components along $\hat{x}$ and $\hat{y}$, but are both represented in terms of the same basis; the circularly polarized light having complex coefficients.
My question is as follows. How can we compare the $y$ component of the spin state to circularly polarized light? Aren't circularly and linearly polarized light different? As in, circularly polarized light gives equal components along any set of perpendicular axes, however, a $45^{\circ}$ linearly polarized light doesn't for any set of axes: it has to be at $45^{\circ}$ to the perpendicular axes. On that note, $S_{x}$ and $S_{y}$ are identical, as in, they do not have this kind of difference, right?