Why are capital gains taxed at a lower rate than normal income?
There are two alternative explanations: Choose the explanation you prefer based on your level of cynicism.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
Why are capital gains taxed at a lower rate than normal income?

### Response:
There are two alternative explanations: Choose the explanation you prefer based on your level of cynicism.