My personal opinion is that the IQ of any individual is not representative of their 'goodness'. I have encountered very few nonintellectual individuals at two years old. And all that I have encountered at the age of two are the epitome of narcissism in varying degrees. I am NOT impressed with the supposed calculated IQ of any individual. My personal observation of the supposed genius of old bjClinton absolved of me any respect that having high IQ could represent the moral fiber of any individual.
I personally do not think 'wealth' is necessarily the principle of 'Peter'. There always seems to be some 'con-artist' genius that can make enough people believe their con that no matter the wealth things look better on the other side of the fence. I just do not consider the intellect of a flesh brain accounts for the spirit/will of any individual.
I was referring to the trust fund kids and the academics who have no connection with wealth creation and do have the mental power to dream up utopias to foist off on the society at large.