Yes every kid should respect their parents, but a lot of parents think respect only comes in the form of discipline. If you want to raise your kids without things like friendliness, compassion, mercy, humility, kindness, gentleness, etc., then all you're doing is creating an atmosphere where your kids slowly over time come to resent you.
Quit being an absolute dickwad. Claiming authority over your kids doesn't have to be unfriendly. There's a difference between getting them to fear your discipline and getting them to fear you. Your kids can respect you AND be your friend.
Something tells me you don't have children.