He is merely WRONG.
We should be looking as LVT as the word of the day.....
Granted, i think that we all should be wondering a bit about how the Tax System should be reconfigured to deal with the economic realities of the Post-WhichEverErrorThisOneIs, so that all will be able to follow the One True And Only Holy Doctrine, as has always been clear and compelling, and self evidently truthier as the Argument From Intelligent Design Dictates.