Defenders can offer defensible rationales for the low capital-gains rate.

Evidence

There are certainly legitimate policy arguments for why we should tax capital gains at a lower rate than wages, including the “lock-in” rationale provided at the time. Another argument posits that since part of the gain is an effect of inflation, not a real increase in value, a higher tax is unfair. And some say that stock gains should be taxed at a reduced rate because such gains reflect corporate profits, which have already been taxed once. — Dorothy A. Brown, The Whiteness of Wealth, 445

Categorization

• XREF: connects to: Capital gains income can be taxed at lower rates than wage income.; Capitalism’s defenders justify it as the least worst option rather than as ideal — Mark Fisher (edited by Darren Ambrose), K-Punk: The Collected and Unpublished…, 412
• yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Capital gains income can be taxed at lower rates than wage income.; Capitalism’s defenders justify it as the least worst option rather than as ideal — Mark Fisher (edited by Darren Ambrose), K-Punk: The Collected and Unpublished…, 412