Yeah but I'm pretty sure the relative wealth/affluence of the neighborhood you grew up in is significantly more strongly correlated with overall life outcomes, and is also cross correlated with IQ itself, broadly, over many societies and locales.
Which would indicate that focusing on 'IQ' is a red herring, and to a significant degree becomes a self-fulfilling prophecy... not to mention gives rise to an ultimately false notion of a meritocratic society, when the reality is much, much closer to 'its who you know, not what you know', a nepotistic society.