This is what happened when Ron Johnson tried to rebrand JC Penny. JC Penny customers were used to "deals" through coupons. He changed the pricing so the prices were lower, across everything, all the time. The classic JC Penny customer hated this. They ultimately pay the same amount, it would be less work for them, but it wasn't a "deal".
Amazon plays on this too with the crossed out inflated "typical price", and then showing the actual price you'll pay. No one ever pays that crossed out price; it can say anything, but lets them put "-40%" so people get excited and buy.
It's all very manipulative. Honey was just another form of the same concept.
Honey gets additional ire, for what they did beyond that. Coupons are manipulative, but Honey was also lying to pretty much everyone involved in the transactions, as well as their advertising partners.