> For example, Björklund and Jäntti (2012) estimated using Swedish data that shared environmental and genetic factors explain 40–60% of inequality in a number of productive traits, including cognitive and non-cognitive skills, schooling and long-run earnings.
https://www.researchgate.net/publication/333090512_Heritabil...
Assuming that this paper holds up, then at around half of lifetime earnings would be attributable to environment.
Also, speaking purely of heritability factors is a little reductive. Two parents that lack a particular phenotype that, say, is fit for wage growth in our contemporary economy, may have offspring that does. Similarly those fit to succeed in the economy today, may not be in the future if the stressors change.
For instance, we could say that the heritability of intelligence among the children of suburban Chicago families in a particular income bracket is 70%, but not that the heritability of intelligence in general is 70%.
The most informative studies in this area are usually of twins-separated-at-birth, but the datasets aren't very large.
The children of two collage graduates have collage graduate genes and a collage graduate upbringing. It’s no surprise they’re (we’re) overrepresented in collages.
Genes are determined before college. And education doesn't change genes.
The are large social circles that being smart is a bad trait. There are social circles where there is little opportunity to learn as well. There’s little differentiation between baby brains and epigenetic traits aren’t set in stone by parentage, though upbringing will have a strong effect throughout life.
You don’t inherit intelligence, you get taught to throw it away or not based largely on environmental factors, including how your parents raise you.
You're glossing over the role of other personality traits in success. And yes, environmental factors are hugely important to those as well, but often in complex ways.
For example, food insecurity during childhood has an enormous impact on an individual's ability to delay gratification. While there is certainly quite a bit that parenting can do to make that even worse, there isn't a lot that can be done to make it better.
The one thing you can do that won't be harmful is basically funding genetic selection research, e.g. lowering the cost of IVF embryo selection. This is relatively morally palatable (esp. compared to e.g. eugenics) but will actually have the desired effects.