Yes. But I was more worried about every neighbour on the block trying to run a hundred hives.
Bees don't steal anything humans want. Nectar and pollen are not something we collect ourselves. The bees, however, do pollinate the plants that provide us with food, so keeping bees can increase yields for neighbors who are growing things.
There is a limit on how many hives you can have in an area. Flowers only produce so much nectar and pollen.