The eighth Commandment forbids it. All forms of stealing are rooted in a kind of covetousness, namely, an unlawful desire to possess that which belongs to someone else. To avoid the, temptation to steal, we must learn to conquer covetousness. We must learn to respect the sanctity of private ownership. Like any sin, stealing can be forgiven if one truly repents and turns to God.
True repentance demands that restitution be made wherever possible, though.
The concept of private property requires us not only to respect the property rights of others, but also to be conscientious stewards of our own possessions. We are required to use it for God's glory, and we must give account of it to Him. Good stewardship requires us to be frugal and thrifty in our use of natural resources and products derived therefrom. Affluence is no excuse for wastefulness. No matter how much money a person has, he has no right to discard anything before its usefulness has been exhausted.