We should instead only tax the “super normal return” (i.e. He is, incidentally, also using this line that "normal returns" should be tax-free when considering the taxation of profits and savings. Everywhere you look in Neidle's suggestions this seems to be his line on tax reform, except, of course, when it comes to income from work. There, I cannot find a suggestion that the "normal return" to labour should be tax-free. After all, there must be a normal return to work?
