Sure.
> Once we agree that there is a line, then it just comes down to which side of the line a particular crime is on.
I actually don't find this to follow, because your example is exceptionally poor. I don't favor speeding tickets at all; as far as I can see, they're just a way for governments to capriciously collect extra revenue from people without giving it the politically unpopular name of "taxes".
Repeated-burglaries guy is obviously opting out of functioning in society. If the cost of keeping him out of it exceeds the cost he inflicts by his presence, I'd say we should keep him incarcerated and spend less, not just tell him "OK, burgle all you want".