The Government hates competition.
An utterly insidious practice now spreading across California is the “private transfer fee.” It is a new invention of developers who want to build housing tracts, but are faced with hysterical opposition by the usual suspects. In order to buy off the opposition, the developer agrees to sell the homes with a condition that every time the property is sold, a percentage of the sale price will be paid to the pet causes of the opponents. (Funny how a little cash can melt away the most fervent and heartfelt objections of Leftist activists). The first funds have been used to line the pockets of environmental and homeless advocates, but anyone can play. These “private transfer fees” have already gone as high as 1.75 percent of the sales price – or $8,700 for a $500,000 home – each and every time that home is sold. Ka-ching.
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