Everything Attachments - Bankrupt?

[mcmxi]

There is nothing wrong with telling others of your positive experience with a business/individual, but it quite another thing to extrapolate knowledge of a business/individual’s true character. I remember reading many posts here from members extolling EA and its owner and attacking any doubters – essentially based on nothing more than maybe a good purchase experience (some of the posters had not even bought anything yet) and feelings conjured from their own minds.

I don't recall seeing any threads here saying anything about Ted's character. I've often praised EA for being the ONLY implement company out there showing their equipment being tested under harsh conditions. Also, I've praised the quality of the products and stated many times that I never had a problem with the cash up front policy.

How many times has social media or the "professional" media got it wrong about the details. Ask yourself that question. EA has been tried and convicted by many on this forum and others without any of the details that lawyers and judges will be discussing.

Would I place an order with EA today? Heck no! But if they get back up and running and appear to be doing well and filling orders then maybe. I'll cross that bridge once the bridge has been rebuilt.

 

[Elliott in GA]

The court filings - not social or other media- are dispositive as to timeline and actions.

 

[GeoHorn]

Fair would be a flat consumption tax. NO deductions. Same percentage for all. You spend more and you pay more.

The Reason that is not a good system…is because extremely wealthy people often receive financial gain they do not have to report….while lower income folks are penalized accordingly.

Example: A CEO of a Fortune 500 company gets a company car and travels on a company jet (and often one or more company-owned houses.) He is not taxed on those benefits…. as they are considered company-expenses….. and as-such… even the company uses them as tax deductions.

But Mr. Everyman has to use his personal income to buy his car and pay for his operating expenses and air travel….with money on which he is TAXED.

A “flat tax” is not “fair” because the millionaire spends only a fraction of his income on living expenses such as gas, electricity, housing and food….. while Mr. Everyman has to pay the largest portion of his income on such things. A national sales-tax has the same problem.

IMO as someone who doesn’t feel pity for the extremely wealthy.

 

[GreensvilleJay]

re: Example: A CEO of a Fortune 500 company gets a company car and travels on a company jet (and often one or more company-owned houses.) He is not taxed on those benefits…

Here in Canada ,you ARE taxed ! BTDT, albeit for the 'personal use' AND you MUST have written logs to backup what you report.

Lawyers are smart. One across the street has kept a 'situation' going for 4+ years that COULD have been settled in 62 days.

 

[Elliott in GA]

A large and reasonable amount of your estate is exempt from the so-called “death tax”…and if you wish to do so, you may protect quite a bit more if you properly plan ahead. The reason inheritance taxes exist is to avoid primogeniture laws that made Europe such a quagmire of monarchial/nobility which deprived others of “opportunity”.…. the Reason America is so celebrated!

I thought lawyers were supposed to be smart.

You might want to be more circumspect about your understanding of the US Estate Tax. It like all other taxes has been and is imposed for the purpose of raising money for the federal government. The current Estate Tax of 1916 is the fourth time there has been an estate tax in the US; the preceding 3 times were repealed after the need for funds ended.

A Brief History of the Federal Estate Tax | Postic & Bates, P.C.

It has been called an inheritance tax, a transfer tax, and a wealth tax. However, the estate tax, as it is presently called, dates back to Egypt in 700 B.C., and it was brought to the world stage by the Roman Empire nearly 2,000 years ago, when Emperor Caesar Augustus impo

www.posticbates.com

.

The estate tax has nothing to do with primogeniture (primogeniture effectively was ended in most of Western Europe before 1850). The rate at which you tax an estate does not dictate the distribution of the estate. In fact, taxing estates at high rates might encourage not dividing the estate amongst beneficiaries; it can be tough to cut up a smaller pie -especially if that pie is a farm or business.

America provided/provides greater opportunity than Europe with and without the Estate Tax. Prior to 1916, America grew to be a world power with a very high standard of living for its citizens without an Estate Tax for 90+% of the time.

People often seek to see some moral reason/advantage for a tax, but the overwhelming reality is that a tax is tax.

 

[fried1765]

Financial 'risk' may be zero, but you've wasted 90+ days waiting when you could have been working with your new attachment.

I understand that many here are the instant gratification type.
I am not!
I come from the era of ordering from the Sears catalog, and waiting for delivery.
Though current delivery schedules are usually much more rapid, I still try to anticipate major purchase needs, well in advance of specific need date.

 

[MountainMeadows]

How in the duce did you get the millings for free, they want an arm and leg down here..

It was a sub contract company doing work for the state and they needed a way to dispose of the millings they were generating.

 

[airbiscuit]

I'm not sure that the credit card companies are still doing business with EA after having been burned. Maybe the Ted lovers on this site will underwrite the risk of someone's purchase.

 

[fried1765]

I'm not sure that the credit card companies are still doing business with EA after having been burned. Maybe the Ted lovers on this site will underwrite the risk of someone's purchase.

"Ted lovers" ??
Are you referring to folks who bought the best attachments on the market?
I am one of them!
Color me as a buyer of high quality equipment.
I am not even one bit ashamed!

 

[GreensvilleJay]

Well he does bring up a very interesting business question.
Just WHERE is EA/TC getting their current 'operating capital from ? It does seem unlikely that banks or other primary lenders will offer EA coins, one of those 'once bitten, twice shy' deals. Then there's the suppliers issue. What steel company, fab shop, 'nuts and bolts', hydraulic hoses will give EA parts and materials,even on 30 day credit ? Same holds for office supplies, gas for cars, lots of 'things'.

 

[D2Cat]

I thought we were requested to be respectful of other member, and if not able to do that don't post. forum vacation time was an option.

 

[fried1765]

"A (new) sucker is born every minute".

P. T. Barnum

Just how does one become a "sucker" using a credit card for buyer protection?
Many people do not understand their credit card protection, and/or time limits.

 

[fried1765]

Well he does bring up a very interesting business question.
Just WHERE is EA/TC getting their current 'operating capital from ? It does seem unlikely that banks or other primary lenders will offer EA coins, one of those 'once bitten, twice shy' deals. Then there's the suppliers issue. What steel company, fab shop, 'nuts and bolts', hydraulic hoses will give EA parts and materials,even on 30 day credit ? Same holds for office supplies, gas for cars, lots of 'things'.

Business come out of bankruptcy every day of the week,.....even in Canada.

 

[TheOldHokie]

Just how does one become a "sucker" using a credit card for buyer protection?
Many people do not understand their credit card protection, and/or time limits.

You missed the point entirely.

Dan

 

[Plant 175]

I don't recall seeing any threads here saying anything about Ted's character. I've often praised EA for being the ONLY implement company out there showing their equipment being tested under harsh conditions. Also, I've praised the quality of the products and stated many times that I never had a problem with the cash up front policy.

How many times has social media or the "professional" media got it wrong about the details. Ask yourself that question. EA has been tried and convicted by many on this forum and others without any of the details that lawyers and judges will be discussing.

Would I place an order with EA today? Heck no! But if they get back up and running and appear to be doing well and filling orders then maybe. I'll cross that bridge once the bridge has been rebuilt.

His character is sketchy at best. If I remember right he poked fun of Tractor Time with Tim about his religion. I believe Tim said something to this effect when asked why he didn’t review Teds product

 

[fried1765]

You missed the point entirely.

Dan

Apparently I did,...... since you say so!

 

[airbiscuit]

His character is sketchy at best. If I remember right he poked fun of Tractor Time with Tim about his religion. I believe Tim said something to this effect when asked why he didn’t review Teds product

It seems like most people like the design and function of EA attachments.
Similarly, most people seem to question the ethics and business practices of TED.
The Ted fanboys are pretty sensitive to any criticism of the EA's Business practices, and are quick to come to Ted's defense.

We'll see if he makes everybody whole.

 

[fried1765]

It seems like most people like the design and function of EA attachments.
Similarly, most people seem to question the ethics and business practices of TED.
The Ted fanboys are pretty sensitive to any criticism of the EA's Business practices, and are quick to come to Ted's defense.

We'll see if he makes everybody whole.

I absolutely do not defend EA (Ted's) business practices?
I absolutely do defend the design, and manufacture of his attachments.

 

[Heehaw]

They did build great products.
I own one of them that I bought and received without any problems before this whole debacle.
Would I ever say they made THE BEST?
Nope.
The way I look at it is, unless I have personally used all the competitors products and all but EA failed to perform the task they were designed to do, how can someone say they are THE BEST?
Regardless, after everything that transpired I would never give them my business again. To many other good companies out there for me to ever support EA again.

 

[GreensvilleJay]

'best' is a very subjective term, and really none are 'best'.
You need to layout the 'rules' of the comparisons, then so a blind test.

Reminds me of the TV show where the somalia(sp..wine expert), swapped wines. Put $200 wine in $5 bottle, $5 wine in $200 bottle ( used wine 'thief' ) so no one KNEW they'd be switched.
ALL of the experts agreed the $200 bottle of wine was far superior. Man was there 'egg on their faces' when the truth came out !!!!
I've got a 70 year old 3 furrow, 14" plow with smooth coulters. Is it the 'best'. Don't know. I assume 'they' have made a few improvements in 3/4 of a century BUT what I do KNOW is that it performs very,very well, exceeds MY needs. Yes, it's rusty and dusty, ain't 'purdy' but for $50, 25 years ago is the 'best' for me.