Suppose you saw someone stealing a purse from a little old lady. It's not your problem or mine, but the principle, the sense of maintaining order and justice, including getting that lady back what is hers, still matters to me.
Besides, Honey only did part of the work (like 0.01% when you consider it's automated instead of a real personal shopper stepping in to assist) and none of it to generate the sale, so if anything their max commission should be, IF they came up with a viable coupon, the 5% or whatever %, of the coupon value not the single item from latest click through, and especially not the entire cart contents purchased.
It's also a problem because it drives up prices for everyone. If Honey is making money off non-affiiliate linked purchases, which they seem to be, the merchant is losing money a greater % of the time and will have to increase cost of goods to offset that. My ratio of buying something from a youtuber affiliate link vs independently browsing to a merchant to buy something with no youtuber involved is roughly 1:500. I have practically never, not realized that I needed something until some youtuber told me that I did, lol, so in those 499 cases, merchant makes full profit minus any coupon I find on my own, but does not pay anyone an affiliate commission.
[rant]I have mixed feelings about affiliate commissions in the first place. I see some youtuber making a video and it's like "here's a list of everything in my video", yet what they link, is not necessarily the best of it's type of product, or even the best value for the purpose, not necessarily the cheapest seller of that make/model of product, usually NOT on sale, often higher priced from same merchant than back when the video and link was made if not a very recent video, and even more issues I can't think of at the moment.
Sometimes they're just throwing crap your direction to make more profit, (like do I need to know where you got your phillips screwdriver?!) when it was always dubious to me whether certain channels were worthy of making any profit at all, especially if just stealing or at least heavily repeating content elsewhere instead of generating content worthy of profits, but if someone lands on that channel's video before seeing the other content, it seems like revelatory work put into it, when it just wasn't. I do not dismiss the amount of labor that many channels put into PRODUCING their content, but that's the cart before the horse if the content wasn't worthy in the first place, just a machine cranking out anything for a new video. Obviously this applies much more to some channels than others, even more so for the non-tech channels.
At the same time, free will and all, people can patronize anything that youtube shoves at them, and buy whatever they want, but how much affiliate commission do they really deserve if they are just rehashing content from a different channel, or even their OWN channel? Still more than Honey, the way I see it. [/rant]