2.) Intelligent people get higher paying jobs.
3.) Intelligent people live in wealthier areas.
4.) Intelligent people marry other intelligent people.
5.) Intelligent people birth intelligent children.
6.) Intelligent people use their intelligence to augment their kid's intelligence.
7.) Intelligent kids go to step 1.)
The emperor is walking around naked, and virtually all of academia is terrified to acknowledge it (namely step 5). Right there is the solution to 50 years of sociological fumbling to avoid saying "Intelligence has a strong genetic component, and we are not all born with equal mental capabilities"
Once academia can acknowledge this, then they can finally work on real solutions to close the disproportionate economic gaps it creates.
(Yes, I am aware of your anecdote that counters this. It's a broad generalization to counter the mainstream broad generalization.)