Even better is the term 'informed consent', the kind we use in medicine before asking a patient to agree to a procedure or a test. Once a person is informed of the consequences of right and wrong, then he or she can make an intelligent decision. Unfortunately, smaller children are not able to make that decision for themselves, so parents will have to do it for them until the child reaches the age of maturity. Children have a right to be treated as people, in an environment that is conducive for their growth and maturity and to become useful citizens. Children have a right to love, care, discipline and protection from their parents.
Children have a right to receive education and financial protection for the future.
Parents have a right to receive love, respect and affection from their children. Parents have a right to educate and discipline their children. Parents have a right to know about their children and monitor other influences affecting them. Parents have a right to say no to unusual financial and other demands of children. If it does, most likely this boat will end up at a destination where it never wanted to be.