Good servers will regularly get tipped 20% or more, so they'd essentially be getting a paycut. What likely will happen is your best servers will leave to work in restaurants where they can do the same work for more tip money. I can't imagine a scenario where lower guaranteed tips doesn't turn into worse service.
I'm a good tipper, usually 25-30%, and when I've stumbled into restaurants with gratuity included on the check, I don't add to that. If they only want their server to get 15% fine. Its mildly insulting. I've ever gone back to a restaurant with gratuity included. Even when its a larger party, its like getting a discount when they include a tip, because they never add in as much for that tip that I would have left if they simply left a bill on the table with the food/drink total. I've never understood how helping my table of 12 is any more challenging than three tables of 4 anyway.
Obviously my vote is no. Its a terrible idea.
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