Yes, it is "drunk or high or Alex Jones"-level idiocy. It is, in fact, fractally stupid: Believing it requires you believe multiple other things, each of which is just as dumb as the whole. For example, it requires you to believe the following things are evil: GMOs in general, vaccines, and wanting to reduce the world's population.
I'm not high or stupid. Eugenics has earned a very poor reputation, but its advocacy is still going strong under other names. Bill Gates and his family have a long history of promoting it, unfortunately.