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by antisthenes
3495 days ago
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Growth of capital is not an income, because it is subject to uncertainties in valuation and depreciation. Income is usually measured in a set amount of currency, and is generally perfectly liquid, while capital can sometimes only be valued if there's a buyer. So no, it is not also an income. This is one of the most common misconceptions here on HN (I often see wealth and income used interchangeably) |
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