How to fix the COE system?

On the covering page of Today paper is a full page on the COE system
with the question ‘How do you fix the COE system? There are three more
questions following this, ‘Why not make car buyers pay what they bid for
their COE? Or should COE just be balloted? What should COE categories
be based on?
 
The unhappiness over the COE system has been on going for many years.
Occasionally people would