Spoken like a true American ! After all, if stealing a king size snickers bar deserves 16 years (http://www.commondreams.org/headlines/040700-01.htm), stealing a bicycle needs some serious deterrent sentencing. Sure, he was a recidivist and had previously stolen some Oreo cookies too !
Or, it's a bicycle - keep things in proportion. Sure it sucks to have stuff stolen (I've been a victim too) but crazy disproportionate sentencing has made criminal justice in the US just insane.
Your proposal sounds great, just like all the other get tough on crime initiatives over the past 40 odd years but it has left the US with what looks like the craziest most vengeful 'justice' system outside of the Sharia introduced by ISIS.
It's all great until you happen to fall foul of these get tough initiatives - see lots of previous HN stories for examples.