Did I sound condascending when I said this to the principle?

I have a child in 7th grade, a lot of the school in the same city are ranked the lowest in the nation, sad to say. In hopes of getting the kids grades up, the new superintendent started a program call "capital gain". The program give the kids $2.00 each time they were good grades or behave. All the kids brought home money btwn $50-$75 dollars, a rep from one of the banks went to the school to talk to the kids about setting up an account. I'm so against this, the kids intelligence are based on how much they earn? I told the principle that this is the wrong way to go about motivating the kids to do well. The kids should want to learn not because they're being paid to. This isn't a job. Most kids come from broken homes, they're mother's have 5-8 kids who she can't afford to raise, i ran into one of the mothers tonight at a liquor store, she was complaining that she got her phone turned off, one of the girl's that my daughter goes to school with, her family doesn't t' even have a phone. Most kids come to school starving, some of the parents are not educated themselves. I told the principle that I'm scared for the kids, because if the parents don't have money, they'll coerce the child to hand over his or her money to pay for whatever she wants. Plus, children of that age should not have bank accounts, and $50-$75 dollars is way to much money for a kid who's only 12-13 yrs old. Bring home money is the responsiblity of the parent not the child, i know and i know that is not what it is intended for, but they're dealing poor people who are constanlty living desparate situations and I would hate for the parent to take the kids money. I opted my child out of it, now i feel that i'm about to compromise my duties and blieve as a parent to enroll my child in this rediculous program becuz she came home today sad bcuz she was the only kid not enrolled. So i will put her in it only because I don't want her to feel left out. I told the principle that this was not a personal attack against him but the superintendent.