There is a large amount of people who go around stealing bikes for fun and some cash; and often "street cred" or something akin to that.

Then maybe society should be improved upon so that a few dollars or a few minutes of "fun" or "street cred" isn't seen as such a boon to their life that people risk jail time for it.

The US tried "tough on crime" approaches, what has it resulted in? 25% of the entire world's prison population and it still has higher crime rates than its peer nations.