I think it's better to say that HN readers have a soft spot for clever solutions that seem like hacks. And the LVT is really a huge societal hack to unlock a lot of prosperity and eliminate a lot of poverty.
Allow to me cite another beloved HN blog by way of explanation for why this mostly appeals to people without a strong understanding of the systems they want to “fix”.
I directionally agree! I grew out of Big Systemic Fixes in my 20s. The great thing about LVT is that it can be implemented piecemeal at the small scale. I think we should do that; have some tolerance while we thrash out the bugs; then let matters progress as they will.
While i don't agree with Big Systemic Fixes, i certainly agree with - or rather, acknowledge the existence of - Big Systemic Problems. We should tackle those when we can, with appropriate caution. LVT's viability, IMO, is predicated on gradual rollout and low cost of reversal.
I would not call a "hack" a "systemic fix" in fact quite the opposite.
And those who work on understanding the systems (economists) universally agree that the hack is a great hack, across all sorts of schools of thought, something that's pretty much unheard of in economics.
I hope you are as interested in detail as you purport with your link, and go and look at the real world examples of doing this hack in practice!
Honestly, a week ago after I got deeply into Georgism and totally apart from this, I was like:
This is the hack that fixes inequality in the 21st century, provides for a UBI, fixes the housing shortage, lowers inflation, ___and___ is astonishingly libertarian in a way that would still achieve a lot of those progressive goals, but could be embraced by self-employed / founder / developer / capitalist / middle-class and upwardly mobile non-bitching people like myself... even those of us who do own land.
Next thought was that I should start a political campaign based on it. It probably would function as a sort of systemic broad-spectrum antibiotic for our current monopolist "late capitalism", at least on a street level.
Then a week later it's topping HN, so why bother ;)
I think it's better to say that HN readers have a soft spot for clever solutions that seem like hacks. And the LVT is really a huge societal hack to unlock a lot of prosperity and eliminate a lot of poverty.