Like Susan, I've gone a different route (though no theft is involved)..

When I first read GTD, I headed to office depot to price a label maker and labels and pick up some file folders, etc... I was stoked about getting a label maker. The geek in me was crying out for one. Then I saw the price. Not of the label maker, but of the labels. So I thought about possible workarounds and came up with this.

I use the Avery File Folder labels (Avery 5202) that come 7 per 4x6 in sheet. I get the plain white ones, but you can get a rainbow pack or individual color packs for color coding (not GTD, per se, but might work for you). The price per inch for the DYMO labels came out to around $0.04. This meant that the average label would cost between $0.02-0.12 each. Office depot has a pack of 252 labels for $2.29. This puts the cost per 3.5 inch label at $0.009 each. AND, since I have a color printer, any color, any graphics, anything I want.

Now the whole point of the labeler, according to David Allen, is to make it easy so you will actually do it. But doing 7 labels at a time makes it the kind of stack until you get around it sort of thing that is anti GTD. So what about throwing away a sheet after only printing one label. That brings my cost up to $0.063 cents per sheet. Still in line with what an 1.5 inch label would cost me on a DYMO printer, and I didn't have to buy the extra printer.

The Geek in me is still looking at the type of printer Merlin references in this post, but for now, simpler has proven to be better. And Since I rarely have just 1 label to make, sinpler has also proven to be cheaper.