You're making a bad analogy. The life expectancy of an indoor cat is around 15-17 years, while the life expectancy for outdoor cats is only 2-5 years.
https://www.petmd.com/cat/care/can-indoor-cat-be-part-time-o... which cites University research.
So, a better analogy would be if you would be willing to die at age 25 instead of 75 just so you can base jump and free climb every day. Most people wouldn't like that trade-off even if it is more fun in the moment.
Not to mention the happiness of the 2 billion birds killed by domestic cats each year. Remember that even though domestic cats can and do survive as wild animals, their population is greatly inflated by human activity. We're responsible for that imbalance in the food chain and should keep our pets away from the rest of the wildlife. We feed our cats and then if they go outside they basically kill birds for fun.
I'd much rather my cat play with toys. It's very easy to keep a house cat happy without putting them and prey animals. They already spend the majority of the day sleeping. Play with your cats for a couple of times a day, provide some solid toys that they can play on their own with, and give them loving attention and they'll be quite happy.