Chances are conservative economist Stephen Moore will not be celebrating May Day.  But socialists everywhere will be including Senator Elizabeth Warren, who may be a full-blown communist at this point.

This month, Ms. Warren introduced a wealth tax, and 50 of her fellow Democrats signed on.  The proposed law would levy an annual 2 percent federal tax on those Americans holding at least $50 million in assets.  

Like May Day, the tax would be an annual event with IRS agents adding up what you have and confiscating 2 percent of everything; cars, jewelry, paintings, houses, your collie, the list is endless. Every year. Everything.