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Yeah, no doubt. For a while the trend will be masked by higher standards of living and then the IQ tests themselves will become easier, but after that?

The only thing I can think of to prevent this is to keep those with less... cognitive abilities to only a single child and massive incentives for those in the opposite camp to have three or more. Like, otherwise they would have taxes that would make the french president proud. Better than giving away money with this economy :P