The current version of UTF-16 is only capable of encoding 1,112,064 different numbers(code points); 0x0-0x10FFFF.

Does the Unicode Consortium Intend to make UTF-16 run out of characters?

i.e. make a code point > 0x10FFFF

If not, why would anyone write the code for a utf-8 parser to be able to accept 5 or 6 byte sequences? Since it would add unnecessary instructions to their function.

Isn't 1,112,064 enough, do we actually need MORE characters? I mean: How quickly are we running out?