dad: “You should put some money in an RRSP.” [Canadian retirement fund; like a 401k]
me: “You keep saying that, but... it seems really unlikely that I will retire in 40 years.”
dad: “I know what you mean, I grew up in the Cold War, with the nuclear threat.”
me: “Well it’s not just that it’s possible that things will go awry. It’s more like... I basically see a few possible ways things can go in the next 40 years. The first question is does society collapse? This could be a kind of random economic catastrophe, it could be due to a climate thing or a pandemic or whatever. But whatever it is, if the answer is yes, my RRSP, being a bank thing, is probably gone, since even if there are somehow still banks, the money probably will have been lost during the collapse.
If society does not collapse, then it seems pretty obvious that things will continue not just at the rate they’re at, but at ever-increasing rates of change. (Although even if it were just the same amount of change as the last 40 years, that would still put us in a really bizarre future.) This makes it seem quite likely to me that within 40 years there’s some sort of much-smarter-than-human artificial intelligence, and it’s going to be calling the shots. That leaves roughly two scenarios: either the AI understands what humans care about, and creates an awesome utopia, in which case my RRSP is moot, or it doesn’t understand human value, and it does some random other thing with the entirety of planet Earth, in which case my RRSP is moot.
So it seems not just that things could happen that would make me not be retiring in 40 years, but rather I’m actually having trouble imagining a probable scenario in which I do retire (as such).
Anyway, I think that the best investment I can make for my future is investing money towards causing there to be one at all.”
me: “Although hm. I guess that since it means not getting taxed on money now, and I could pull that money out in 5-10 years if Complice stops producing income and I want some buffer while I figure out what to do next, it does make sense to put a bit of money in there now. So I’m going to go ahead with that, and you can go on pretending I’m going to actually retire.”
dad: “Okay. Also, have I told you about the miracle of compound interest?”