It's against the law to steal money. That's a regulation we need to keep.
It's also against the law to build a house if the existing homeowners vote that you can't. That's a regulation that makes the market less efficient, though I can see the reasoning behind it.
Did you know that the most common sort of theft in the US and Canada is wage theft? It doesn’t happen nearly as often in countries with stronger labour laws.
It doesn’t get prosecuted nearly as much as other types of theft.