If we did that, the money would mostly go to the well off already. They’ve already got a system in place, they are already deeply into what their kids are studying. It doesn’t sound like much would improve.
But school districts are already segmented by wealth. So sure money would go to some families in the wealthier school districts. But also families in the poor ones.
I think you might be surprised at the distribution in wealth even within schools. Only an anecdote but I went to a public high school in somewhat of an inner city, and there was a stark contrast in financial well being across my classmates and myself. The kids from upper middle class families were the ones in AP classes and who went on to great universities, while the more median student likely came from a household that were much closer to the poverty line.
If performance had come with a financial bonus, I'd guess 90% of the recipients wouldn't notice any difference in their lives/outcomes. Maybe even a higher percentage than that.
