IQ is undoubtedly overemphasized by some factions, especially those with an axe to grind and a dog whistle to blow, if it helps them feel less guilty about their position in the world or otherwise rationalizes injustice. OTOH there's definitely a difference between people, people who aren't mentally defective, people that are quick on the uptake, sharp and alert, who adapt to new mental models. IQ might be an unscien…
At this point I would accept it if someone told me that 100% of what I perceive as "smarts" when interacting with someone is explained by confidence and other learned social behaviors.
Perhaps the most easily observed indicator of smarts is humility. The learned learn.