Like any educated denizen of the 21st century, you may have heard of World War II. You may remember that Hitler and the Nazis planned to carry forward a romanticized process of evolution, to breed a new master race, supermen, stronger and smarter than anything that had existed before.
Actually this is a common misconception. Hitler believed that the Aryan superman had previously existed—the Nordic stereotype, the blond blue-eyed beast of prey—but had been polluted by mingling with impure races. There had been a racial Fall from Grace.
It says something about the degree to which the concept of progress permeates Western civilization, that the one is told about Nazi eugenics and hears "They tried to breed a superhuman." You, dear reader—if you failed hard enough to endorse coercive eugenics, you would try to create a superhuman. Because you locate your ideals in your future, not in your past. Because you are creative. The thought of breeding back to some Nordic archetype from a thousand years earlier would not even occur to you as a possibility—what, just the Vikings? That's all? If you failed hard enough to kill, you would damn well try to reach heights never before reached, or what a waste it would all be, eh? Well, that's one reason you're not a Nazi, dear reader.
It says something about how difficult it is for the relatively healthy to envision themselves in the shoes of the relatively sick, that we are told of the Nazis, and distort the tale to make them defective transhumanists.
It's the Communists who were the defective transhumanists. "New Soviet Man" and all that. The Nazis were quite definitely the bioconservatives of the tale.
"But can you have YOUR child, while eugenics prevent you from breeding? Not in genetic sense, but it seems deeply flawed to base parent-child relation simply on genetic code. It's upbringing that matters. Adopted child is in any meaningful way YOUR child."
Treating people not genetically your children as if they were is a big minus in our evolutionary game these days. It also helps bad behaviour (making children and letting others raise them), so i´d say that it manages to be bad both for yourself and population, though the second part depends on why the child was given for adoption.
In general improving gene pool would be a good idea, but finding collective solutions for it that don´t cause more bad than good seems hard. Also if our evolution gets rid of the heuristic that sex=children=good which isn´t working anymore and replaces it with something like "acts that lead to you children=good" we then get people spending their money smarter, which increases reproductive success of richer people who tend to be >average intelligent.