Casually tossing about an accusation like that is not at all in keeping with the guidelines for this website.
That movie can be understood in several different ways.
Also, I'd like to point out that the core problems with eugenics isn't an assertion that intelligence is hereditary, but that:
- Race is not a scientifically grounded concept
- Complex traits do not have Mendelian inheritance
- Measurement of intelligence is problematic
- Even measures that strongly correlate with success are confounded by environmental, cultural and economic factors
Thus, the conclusions drawn by eugenicists are based on their racism and prejudice, not by any scientific conclusions. It is a pseudo-scientific framework to justify (at the limit) ethnic cleansing.
The opening of the movie could also be read as a commentary or satire about a certain type of reality TV show or talk show that was popular at that time, but it was also a really cheap shot at a specific class of people and demonstrated a level of contempt that cannot really be defended.
But the rest of the movie was focused more on anti-intellectual and shallow culture and corporate greed - the heritability of intelligence never got another mention.