This is my view as well. You can see the effects of this policy from the 80s and 90s with the sheer number of "former gifted kid" adults who feel like they were destined for greatness but ended up with pretty standard knowledge worker jobs. There's a difference between being a bright, contentious hard-working student and being genuinely intellectually gifted - today we lump these kids together, which not only balloons the cost of the program but gives both students and parents a false sense of what it actually means.