America underestimates the difficulty of bringing manufacturing back

"incentivize, subsidize" - yes. There should be less incentives and tax breaks for "holding an asset" and more incentives for making things that improve human lives. Most of the laws are set by the incumbents who stand to lose what they have built and who have the money to pay the lawyers to set the tax code. Real estate should not get incentives unless its getting someone in a home. Private equity, same. Venture capital, after a certain point, same. If you are worth a bazillian dollars, same. A lawyer with balls needs to take on the tax code. I'm kind of hoping the whole Harvard escapade awakens a few legal idealists out there.

> There should be less incentives and tax breaks for "holding an asset" and more incentives for making things that improve human lives.

I think you're overlooking that, say, giving out a 10-year loan for a small business is exactly "holding an asset" (holding a bond issued by said small business for 10 years). For the benefit of everyone involved.