Will higher Taxes Create Better Economics Theories

I recently I have heard it suggested that only raising taxes could motivate people to spend responsibly I guess the premise here is that  if people pay higher taxes they will have less money to spend, less money to spend would mean Americans make smarter financial decisions. Unfortunately in my opinion raising taxes will not work. First of all our economy only does well when Americans have money to spend that is why the government and financial companies encourage Americans to spend.  As soon as people  (consumers as the news media likes to call us) stop spending the economy collapses we just saw this.  Raising taxes will do nothing but thrust the country further into socialism as people stop spending to pay there out of control taxes businesses will fail small and large putting more people out of work, out of work people don't spend money so more businesses will fail.  Finally  the government will continue to raise taxes and bail out failing industries a broken and demoralized country will be calling for change (does any of this sound familiar) and since the government has all the money they will step in and begin to take over industries instead of regulating themselves they will regulate there citizens. But don't worry in the past before this has happened the governments either collapseor is over thrown due to
over taxation. So no I don't think that raising taxes are a good idea. I do however think that the American people need to borrow less money  and save more for there future we need to stop viewing credit card debt as a normal way of life and begin to spend cash.  Only spending cash when we have it to spend and only when we can safely pay our other obligations food, clothing, utility, mortgage. Mean while  the government needs to continue to regulate the credit card and mortgage industries to stop targeting high risk borrowers and when I say regulation I mean make there current business model unprofitable force big  business  to promote financial responsibility to turn a profit.  Once the banks and credit card companies  are encouraged to promote financial responsibility and the population of the country realizes it is better to spend responsibly the country can begin to correct its self financially. As finances effect all of us I would really like to here your opinions regarding this issue please feel free to leave a comment.