I tend to agree, which is why I only steal off unengaged stuff. I'm really not even sure why picking on something other people are killing is allowed at all, given that in a lot of cases its basically the same outcome as kill stealing them.
Pickpocketing unengaged stuff can be super fun though, though not terribly lucrative by level 60 standards most of the time. I have fond memories of lifting a sapphire off an unengaged seafury in my early 20's, funded a decent chunk of my early stat jewelry.
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