Clearly this type of allowance system should be reserved for those kids who have already demonstrated the ability to manage money responsibly. The issue of money management has always posed a challenge to parents. Earlier this century, especially during the depression, the issue was how to manage to get enough money to survive. Now with the majority of families having some level of disposable income, the challenge is to teach our children how to make financially sound, socially responsible choices about spending money. Therefore your value as a person is not dependent on how much or how little you have.
Money is neither good nor evil.
Money can be used by people to accomplish good or evil ends. Wants and needs are not the same thing. Be sure you know the difference. Never expect to get something for nothing. Our constitution assures you of the rights to life, liberty, and the pursuit of happiness, not to a particular lifestyle.