but for cars i feel the COE can be tweaked. every valid family (valid means married couple) should be entitled to ownership of 1 car. after which they have to fight for COE. those who do not wish to utilise their ownership chance can sell it off at the COE bidding and if they want to buy in future, have to go buy it back from the bidding system.
in that way you can ensure the middle class is taken care of yet give the richer folks a chance to own 2 or more cars at their pockets' expense.
can someone from LTA do something like this, definitely more feasible than the pay and pay policy.