Intelligence is a notoriously hard thing to define and measure, and I think it's more easily predicted by environmental factors than genetics. The idea that smart people breed and have smart children and that's why some people are smart and others are dumb, is more of a cop-out, since predictors of success that tests like IQ try to explain are more accurately explained by socio-economic factors.
Basically this has no real world implications. I realise this isn't the argument you were trying to make necessarily, you were just pointing out a perceived 'fact', but it lacks a lot of nuance that could lead to dangerous assumptions about the real world, especially since you related it to sexuality.