Pre3
What happens if you want to do an IR purely for recreational purposes and you turn up at the FTO and you get a big fat "Sorry son, legislation says that this years quota of Professioal licences has been reached!"
The number of people with psychology degrees I know who do not work as psychologists is phenomenal yet I don't think government legislation would limit numbers at university.
Just think of the VAT and income tax the government would lose if they restricted the number of licenses per year and the number of job losses for instructors! (not huge probably in financial terms, but still a burden on society).
To be considering taking these licenses you must be a reasonably intelligent person, so you know what your getting into. Yes its a risk.
If your idea was to be taken on, what would the selection criteria be? Aptitude or Bank Balance?