Oh hell yes. I encourage it. Gotta lay down the gauntlet and wake him up to the real world. If you think your bigger than the world then go out and live in it on your own. Believe me its best for both of you. When he comes back he'll no that Mommy and daddy dont play that.
Unless he's under 16...than just throw him in the basement for about 3 days..that usually chills them out.