I guess you're referring to the favorable tax rates for capital gains.
Those rates are favorable for two reasons: (1) The money invested to produce those capital gains has already been taxed once, so you're really talking about taxing it twice; (2) Over longer terms, most of the returns from capital gains are due to inflation.
Let me elaborate on (1) because it's not completely obvious. Suppose you invest $1,000 in a way that earns 10% over some period of time. If there were no taxes, you would have $1,100. However, suppose that that $1,000 is subject to a 20% income tax before you invest it, so you have only $800 to invest. Then at the end of the period, you have only $880, not the $900 you might expect. In other words, taxing money before it is invested reduces not just the principal, but also the return.
An even stronger argument applies to corporate dividends. If you buy stock in a company, that company pays corporate income taxes on its profits. Then it distributes (part of) what's left to its shareholders, including you. Then that money, which has already been taxed, is taxed again. This double taxation is part of the reason that corporations are often reluctant to return money to their shareholders as dividends, preferring instead to reinvest that money to make the company bigger. That, in turn, is part of the reason that corporations tend to become so large. If shareholder dividends were taxed only once, rather …