Agree with this. Also agree with whoever said the FA Cup winner should get a CL spot. If those winners aren't the PL champion or runner-up then they take away 4th (and 3rd if EL winner is from England).
Would, at worst, give clubs more incentive those competitions and, at best, spread the wealth a little bit more than it does now.
You just know that we'd finish fourth the year that came into effect