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 currenc

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)