Take the following as truth: If you enjoy contemplating your own future extravagance (as opposed to frugality) then Krusell/Smith reasoning suggests something even more  The more you expect to be extravagant in the future, the more you'll save to finance that future extravagance.
Then the following statement: "You will not save at all if you want a simple future.  " is true, false, or inconclusive?
Answer: Inconclusive