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Stefan_Schubert comments on How much wealth is produced by high IQ people? - Less Wrong
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Turn the question on it's head. How many low IQ people have generated (not been given or inhereted) wealth? And of those with low IQ who did generate wealth, how many kept it or expanded it?
It seems likely some low IQ people generate wealth. For example, the gold of the California hills in the 1800s was there for whoever found it first. I know many who found it spent it quickly for little gain or had it tricked away from them no matter what their IQ. I don't imagine many low IQ people who found gold were able to keep and expand their wealth.
My guess: high IQ can sometimes co-occur with wealth generation while low IQ wealth generation is rare. High IQ people can fall from great heights. Low IQ people fall from lower heights when they fall.
The amount generated by a miner is not the raw value of what is mined, but that value minus what value would have been without that miner. If someone else would have mined the gold only a little bit later and/or at only slightly higher cost, then the actual miner isn't creating much wealth.
Something else to consider is that, by definition, people with < 90th percentile IQs are ten times as common as people with > 90th percentile, so even if the per person income generation of high IQ people is higher, the total income isn't necessarily higher.
Yes, you know this.
This you do not know. Do you have specific evidence that high-IQ people were as likely to be tricked as low-IQ ones?