I hear a fearful refrain coming from church leaders, from every denominational level. They twist their fingers into knots as they say: If we don’t have our endowment, we will die. It’s our job to protect the endowment for future generations. Our future depends on a healthy endowment.
The point isn't the money; it's the risk.
Boycott and divestment aim to punish Israel. A more constructive strategy is needed.
This week, a former Google executive asked President Obama to raise his taxes so that more people will have the chance to succeed as he has. It was nice to hear the president defend the idea that individual wealth is built in part by collective investment--even if he didn't state it as forcefully as Elizabeth Warren, and even if he mostly avoided the word "taxes" itself.