"While they say that it is possible for anyone of any socioeconomic background or heritage to be gifted you know almost all the gifted kids are from one demographic."
I'd like to discuss this statement further with all of you. First, by "demographic" I think this would mean sociodemographic, meaning families above poverty level. I think your statement is true in that respect. It generally takes a knowledgeable parent, and yes, some amount of money to identify and advocate for a gifted child. Of course, teachers who are looking for such students of lower economic opportunity could also assist in this process.
I see kids from every race who are profoundly gifted. But all have committed parents who advocate for them. By advocate I mean getting them placed in a challenging learning situation. That is the whole point of identifying the gifted.
Wether all of this happens along racial lines, I'd like to see the evidence. I personally don't see that played out, only along economic lines, as you suggested.
My son is hispanic. I do think "affirmative action" policies were needed, based on the unequal opportunities for minorities for so long. But it is time for such structure to be phased out.
However, I think funds for children of low income families (citizens of any race) should be readily available. College is still an institution for the privileged and should be available to all who have the drive to succeed.