That assumes a ridiculously high mutation rate. For the vast majority of alleles the mutation rate isn't what matters but the selection rate.
In that case why is the allele still around at all?
Consider a deck of cards that is randomly shuffled. It must come to some arrangement. Now consider the chance that shufflling another deck gives the same result. That's only 1 / 52! which is around 10^-67. But if someone said that therefore no deck of cards is ever shuffled they'd be wrong. Similarly, consider a protein with 600 base pairs describing it. The chance that a mutation occurs in that specific protein at any given time is pretty small, the chance that the exact same mutation occurs will be much smaller by roughly two orders of magnitude (assumi...
A recent entry from the West Hunters blog (written by Gregory Cochran and Henry Harpending with whom most LWers are probably already familiar with) caught my eye:
Seems quite coherent. It meshes well with findings that the more children parents have the less they subscribe to nurture, since they finally, possibly for the first time ever, get some hands on experience with the nurture (nurture as in stuff like upbringing not nurture as in lead paint) versus. nature issue. Note that today urban, educated, highly intelligent people are less likley to have children than possibly ever, how is this likley to effect intellectual fashions?
Perhaps somewhat related to this is also the transition in the past 150 years (the time frame depending on where exactly you live) from agricultural communities, that often raised livestock to urban living. What exactly "variation" and "heredity" might mean in a intuitive way thus comes another source short with no clear replacement.