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If your CA deficit is driven by luxury imports (BMWs, TVs, etc.), then redistribution from rich to poor will drive down your CA deficit.

If your CA deficit is driven by food and fuel, then redistribution from rich to poor will drive up your CA deficit. OTOH, if your CA deficit is driven by food and fuel, then failure to redistribute from rich to poor is liable to get you a new constitution.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jul 15th, 2013 at 07:12:48 AM EST
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