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That’s important because unearned income tends to represent a greater share of total income for the wealthy compared with the rank-and-file.

At the beginning of the 1970s, UK supertax stood at 83 percent with tax on unearned income at 98 percent.

Among the tax increases expected to be included in the budget is raising the Medicare surtax on earned and unearned income from 3.8% to 5% for individuals making more than $400,000.

Inequality campaigners see it as a global test case, as robots replace jobs and some countries look into providing unearned income as a solution.

“People’s anger is turning toward more fundamental problems, including massive unearned incomes, widening inequality, fading dreams of having their own home and a new class society based on property ownerships,” he said.