I’ve been going through my past issues of Model Railroader, and today, I came across the April 2001 issue. So, I get to page 42 and the “MR News” section and the article “The billionaire’s railroad(s)”. It was about Warren Buffet “buying” the Wisconsin Central. The article was obviously the April Fool’s joke for that year, but did anybody think back then think that he would actually buy a railroad as big as BNSF?
Kevin
Never thought of it then. He’s probably got enough funding available to buy any model rr he wants, anything from Z to 1:1 (as he did with BNSF).
Sure would be nice to have enough so I could build something in HO about 22’ x 40’, I’d settle for that.
Have fun,
Richard
Who needs his whole fortune… I’d be happy to settle for what he pays in taxes!
He recently stated that his secretary pays a higher tax rate than he does.
You realize BNSF now stands for “Buffets New Source of Funding”.
I though it was “Buffett Now Ships Freight.”
But seriously, he pays a lower tax RATE than his secretary (IOW, the amount paid in taxes divided by gross income) but far more in taxes. He could probably have a tax rate of .01% and still pay more tax dollars than I do.
The key word there is rate. I’d rather have 1% of the taxes he pays as opposed to his secretary’s entire salary.