I guess my point is you can determine what is a jail able offense. In California I believe they raised theft to 10kA bike, no, I dont think that is worth jailing someone.
A wedding ring, potentially. In Canada, we up the punishment once the value hits $5,000. Theft under 5k and theft over 5k are two separate charges.
But using 75k a yearly cost to is a weak argument in my mind. Cause basically anything under 75k ain’t worth 75k. I mean if someone burns your 60k bmw should we just buy you a new one since it’s not worth 75?