Let's say I wanted to power two circuits: a 12V circuit and a 3V circuit. Could I use a 15V power supply and a 12V voltage regulator with three pins: Input, Output, and Ground. Input to Ground would be 15V, Output to Ground would be 12V, and presumably Input to Output would be 3V. Can I use the Input to Output voltage difference to drive a circuit?
EDIT:
It sames the answerers agree that this would not be advisable. I'm trying to think of a good alternative. I could use a 12V power supply to power the 12V circuit and in parallel power a 3V LDO. However, that seems like it would waste a lot of power. Am I forced to using two separate power supplies?