Let’s play the money as dead children game for a bit. Now, when the article was written you could plausibly save 1life for about $1000, but these days I think the number is a bit higher. Let’s say $10000 just to be safe.
Essentially, you’re saying that you would sacrifice the lives of 100 people in order to avoid a brief homosexual experience, using basic consequentialism. Perhaps you won’t change your mind even when thinking about the proposition from this perspective, but I know personally it would be too difficult ethically for me to refuse.
It doesn’t have to be lives, of course. If you’re more of a preferential consequentialist, you can help pay off your mates’ crippling student debt or mortgage, or donate to a longevity charity to help your chances of not dying, or even MIRI or something.
In any case, a million dollars has a lot of potential utility. Refusing because you’re not ‘materialistic’ is a bit short-sighted, I think.
Instead of having children as a pseudo-solution to aging and death, wouldn’t it make a lot more sense to work on solving those problems much more directly via research or earning-to-give to organizations doing research? From this perspective, having children is actually explicitly wasteful due to this clear opportunity cost of valuable time, money and effort, not to mention also very defeatist.