++ [ originally posted by Graham ] ++
I think it's kind of sad that you've already made a conscious decision to definitely hit your children if they do something wrong.
My parents hardly ever hit me, and AFAIK I'm not a corrupted child because of it. Instead, they rewarded me for good things and took away good things when i misbehaved. I learned all my times tables by 1st grade because my parents bought me a pack of Batman cards every time i learned a set. This isn't spoiling, because it teaches a child that they have to earn good things. When I didn't do my homework or did something else bad, they'd take away my $5 pocket money. It worked pretty well AFAIC