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taw comments on Rebasing Ethics - Less Wrong
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I'd predict that restaurants would start charging 15% more on all meals. Waiters would still get about the same amount. The only difference is that the money would be taken equally from generous and stingy people instead of coming disproportionately from the generous, and given equally to good and bad waiters instead of going disproportionately to the good.
... and risk of low turnover would be taken by rich restaurant owners, not by below minimum wage staff.