I'm yet to see this magic happen anywhere in the world. Also doesn't address repeat offenders. The purpose of the criminal justice system is enforcement, judiciary and corrections. You are talking about just corrections. I don't even see enforcement for many many crimes.

And, yes, no insurance will cover my emotional loss. "justice" in the system seems to be missing.

If the answer to that is "deal with it", I'm obliged to return in kind the same mindset to thieves.