page and you san see more of that. we'll stay in touch with this story throughout the weekend. let you know the latest on monday. meanwhile now. >> thanks for lettings me sit? david: thanks for being here. >> "money" with melissa francis is next. >> much maligned wealth gap. maybe not such a bad thing after all. stats show countries with a bigger income gap have faster-growing economies. maybe the gap is actually a good thing. we'll tell you what even when they say it is not it is always about money. dennis: i'm dennis kneale in for transfrance tonight. president obama has decided to vote to narrow income inequality and claims it is the biggest challenge of our time but is it

really. studies shows greater wealth gap have greater growth. we have scott winship and christian dorsey from the economic policy institute. christian i let you begin because i know you don't like the entire wealth gap thing is. tell us what the problem with the wealth gap is. >> the problem is when you look at country that is have a large percentage of their people being for and having a lot of growth to get basic human need taken care of of course you could see faster growth with high inequality but that is not the case in the united states. we have a very educated community and what we have is rising inequality despite the fact that americans work harder and are smarter. well we have is a situation where the wealth that we accumulate is increasingly going to such a small percentage of people which leaves the rest of folks without hope, without the ability to actually improve their standard of living. dennis: so, scott, you've actually looked at this and looked a the a lot of studies

and you believe this entire thing is rather overblown. tell us. >> yeah. i think that's right. if you look at the research, what it shows is actually the opposite of what christian says. in poor countries, rising inequality tends to hurt growth and tend to hurt poor and middle class because it tends to go to corrupt rulers. but once you get above a certain threshold and that threshold is not very high, the research indicates that rising inequality doesn't have much of a relationship to growth at all if anything, it looks like it increases growth. so you have a lot of i think efforts to mischaracterize the research coming from the left and it just doesn't hold up. dennis: go ahead, christian. >> to be fair, their threshold was $2,000 per person which is extremely poor. dennis: christian, what they're saying -- >> look at panoply of world it is to the. by our standards is quite poor

threshold. dennis: christian you're mischaracterizing that, the national bureau of economic research, quasi-public case that decides when a recession begins an ends, it says if you're in country with per capita income below $2,000 a year, wealth gap bad. >> right. dennis: if you're in country with per capita income above 2,000 a year, u.s. is income of $47,000 a year per cap, wealth increase is not so bad. seems what the left is not about the gap but people at top are earning too much around they want to redistribute that. >> that is not it at all. i want to see rising incomes for everybody. what this country is producing is not equitiably fair. you can't tell me during the period of the last four years all of the growth in our economy was the sole responsibility and caused by ceos and senior managers.

workers had a hand in that. dennis: wait a minute. >> didn't see their incomes rise. dennis: what was his phrase, not equitiably shared. where was guaranty written anywhere the outcome will be equitiably and equally shared? i don't want everyone across the entire country ironing same exact amount, do i? >> equitable does not mean equal. you get what you help produce. workers are not getting what he thenned produce. this is not matter saying ceos and senior managers don't deserve rising incomes. it means every once else as well. dennis: reason they have rising incomes, scott, at lower end they have no money to invest. i mean one thing that is inflated this wealth gap is that investment gains have gone soaring. people have enough money to save, they do better than those with no money the bank. what do you say, scott? >> certainly the top has pulled away, has seen income growth more than everyone else. no one would dispute that the idea that poor and middle class

have not seen income growth is completely untrue. congressional budget office came out with new numbers early last week, show the bottom fifth of householdings incomes today or in 2010, are 43% higher than they were in 1979. also true for the middle fifth of households. >> what are they at top? >> they're much higher for the top. no one's questions that. but you're characterizing it as having no growth. dennis: christian, why do you guys have such a problem with the rich getting richer? what business is it of yours? >> dennis, you're missing the whole point. i would love for the rich to richer. dennis: no you wouldn't. >> i love for everybody to get rich airs well. zero-sum game. i view it as opportunity to produce growth that results in broadly shared prosperity. dennis: the left views it as zero-sum game the left feels that because the rich have so much, that the poor are getting less as as a result of it and left wants to take it from the rich and give it back to the poor. christian these numbers they

leave out the effective government programs. a u.s. senate report from the republican side came out just said if you take up all the money we spend on entitlements, food stamps disability, social security, medicare, basically $60,000 per poor household. that is spread over house that is aren't poor as well but that is the kind of money that we're spending christian. if you start to include some of that money turns out in 30 states or something you can make $30,000 in various benefits. all these numbers are leaving out the benefits that government is paying out to these people. what do you say to that? >> wealthy about the amount of safety net benefits we would not have to spend if people actually earned a fair wage. if people actually were able to share in the fruits of their labor. dennis: you're saying they have no opportunity. >> savings we would get from them. dennis: mcdonald's french fry seller not get married to have three kids that could help the situation vastly better than government assistance or taxing rich to redistribute to the poor. >> that is gross exaggeration.

minimum wage worker can not support himself, let alone a family. issue is not people having too many children. about they're not making a big enough wage to support a individual. dennis: perish the thought the minimum wage worker can look somewhere es. they are stuck there and have to stay there. there is more mobility in the workforce than in the meltdown. if you earn a minimum wage job, don't like it, find a better one. got to wrap. thank you for being with us christian and scott of the. up next it is the last day of roy bottom week. meet a machine that is sorting and picking grapes to go in your wine. is it replacing jobs in the vineyards across the nation but could that create more jobs. this is a good send or. we have it on set. more "money" coming up. [ male announcer ] e new new york is open.

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it's not the "sign up for rewards each quarter" card. it's the no-games, no-messing-'round, no-earning-limit-having, do-i-look-like-i'm-joking, turbo-boosting, heavyweight-champion- of-the-world cash back card. thiss the quicksilver cash back card from capital one. unlimited 1.5% cash back on every purchase, everywhere, every single day. now tell me, what's in your wallet? dennis: on the final installment of robot week all week we've been hearing about how jobs are being lost to the rise of the machines and next up, wine. this giant machine is called, the optic sorter. and it is slowly taking over the

wine industry by replacing hand sorters at wineries. my next guest says it increases quality while reducing cost for vineyards and just killed 60 jobs. let's hear from the man himself the director of wine making at paul wines in napa valley. thanks for being with us tonight, steve. >> absolutely. dennis: when did you install the machine and get it up an running? >> we've been using a optical sorter for four years. we just purchased the unit two years ago. i've had four years of experience and two years where we've been using it full-time. dennis: when you purchased it two years ago when you instantly fired 60 workers and did you feel like you were doing something bad for society. >> i couldn't sleep for many nights. i felt i was part of the problem with the economy and everything else. so that. dennis: you're being sarcastic. you don't really mean that. >> i really don't mean that. dennis: you did this without compunction. tell us why, tell us, the economics of it. how much did it cost you to buy this thing and how many years does it take you to pay for it

based on i no longer have to pay 60 workers? >> right. well, of course we had to do a cost benefit analysis before hall wine would purchase this unit. it is not cheap. we found, it was pretty easy analysis. we found that the optical sorter, the robot can do the work of about 60 people and it would take roughly two years to get your return on the investment. so the dollars and cents were pretty easy. made a lot of sense. for me as wine-maker it is really driven by quality and quality advantages using this is pretty obvious. so for me it was an easy decision. and i will say that the 60 workers that you mentioned a couple times, during harvest time in napa valley it's, a huge labor shortage, so the folks that aren't sorting now at hall will be definitely working on someone else's crush pad and

certainly employed and i typically will, for other reasons during harvest, call the temp agencies and they run low all the time. so it does actually make me happy to know i wasn't displacing work. it was just those workers doing something else. dennis: to go get it elsewhere. >> definitely. dennis: did you end up hiring any extra jobs? or did the company that made the optical sorter have to hire extra jobs to the take care of the machines? >> well they're, yeah, it take as lot more maintenance to keep the equipment running and it is imperative that it runs, during harvest time it has to be operating and operating efficiently. so, it definitely takes more mechanical mind than people people dealing with the equipment while in operation and vendor who carries the equipment. they have a service staff. so they're very busy as well. dennis: yeah. so kind after reflection what is happening in the nation's economy. we're losing some kinds of jobs and creating new kinds of jobs. the problem do we have right training to fill those flue

kinds of jobs. you say the quality is actually better. we've got a bottle of your wine on set. it is a very nice looking bottle. i hope to take it home with me, getting it out of the crew's hand is somewhat difficult. are you saying this wine is better tasting with the machine than it is with the people? >> yeah, absolutely. and the first two years that we had the machine it was, we were demoing it. so we had an opportunity to run some trials and i tend to be fairly analytical. before we moved forward and buy a pretty expensive piece of equipment i want to make sure it, has some results. so we, we did wine making where we used equipment versus the old traditional way where we hand sorted. dennis: yeah. >> and made them separately and then put them through permanent mentation and all other processes. and at end of the year we tastetaste them and i like to taste blind so i don't know identity. if i can't tell the difference what is the use? anyway we tasted it dozens of

times and each and every case i really preferred, had a strong preference for the one using the robotics. dennis: wow. now are there any other automation opportunities in your company, in your winery that will be coming up next? >> well we just, at our winery we just went through a renovation and we had an extension of our existing winery and now it is, "gravity"-fed portion. so -- gravity-fed portion. it trace digs i and not necessarily high-tech but exciting for us. i think more of a purest upped traditional lift as well. it takes convincings for me to go through new technologies. i'm open-minddd. ultimately if it for me makes the wine better we'll give it consideration. dennis: thanks for being with us, steve. >> thank you. dennis: up next, they say death and taxes can't be avoided but we have a guy with advice how you can avoid the taxman by making a few key moves before you die. why it is better to start giving

it away right now. are you sitting up all night long binging on marathon sessions of "breaking bad" or "house of cards"? we're becoming binge nation and on today's "money talker" we'll talk about who wins and who loses. do you ever have too much money she loves a lot of the same things you do.

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dennis: the end of the year is upon us. start giving away your money? maybe you should be. new stats average inheritance for an american is whopping $117,000. but get this, the u.s. is only sixth highest country in poll of 12. what are we doing wrong? the next answer could surprise you. here is break it down, matthew raymer, mor wealth management.

he is a advisor. he is related to someone at fox business who doesn't want their identity revealed or they would have been in the script here. dennis, we appreciate it. the thing that came across a study should start giving $14,000 a year to various relatives to get rid of it and lower your estate. will that really work? do you like the idea? >> yeah. it's a great idea, dennis. effectively, any taxpayer can give $14,000 away to anybody they want to. so if you think about it, two parent, let's pretend, dealing with family of five. each child is married. that is effectively six children. so a couple can give 12 gifts of $14,000 a year away. so if an elder wealthy couple wants to dissipate the value of estate to lessen the burdennen of estate taxes a really terrific strategy to use. dennis: we're being very sophisticated here, matt. we're glossing over idea it kills me if my daughter is 18 or

19 years old and she is not yet, i want to give her money the government wants to tax the transfer when i feel the government has no dog in that fight at all. where did we ever decide that was okay? >> we have to think about where the original estate and gift tax came from which believe it or not started in 700 bc. it was implemented in america in the late 1700's. the idea originally was to make sure no family could become so wealthy, they could actually take over a country. so i think the question that we have to ask ourselves is not necessarily is it fair or unfair but the real question is, continues to be applicable to modern society in the united states of america? and like you, many people don't think it is fair anymore. dennis: i don't see warren buffett or bill gates, i don't think they're in danger of taking over the country.y they f money. i believe it used to be if you died, five million dollars was exempt, first five million. didn't they just lower that to one million dollars, that right? >> no.

actually the current ex-state tax exclusion is $5.25 million. so if, an individual passes away this year, they can give out of their estate 5.25 million. goes up to 5.34 in 2014. so, a, a husband and wife, a husband and a husband, a wife and a wife, two married folks can give so $.5 million out of the estate. a guy like warren buffett has considerable money than that -- $10.5 million. warren buffett says rich should pay taxes when he dice he will not leave money to the government to get 35 mers stake. instead he gives it to the bell gates foundation so he could avoid taxes right? >> warren buffett has a awful lot of money. one of the problems is specifically small business owners. if you're worth, for a moment, 7 or $8 million you may not have the liquid capital to pay that estate tax bill. what happens your heir or

partner has to or sell the business to come up with the tax liability. this is way people can dissy pate value of estate to lower estate taxes. this where they start to bring down the ultimate value of their estate. dennis: this is talking morbid area when you die. should i start gifting money to my daughter now, she is 13? if i want her to have a war chest to start with when she is out of college. i want to giver $200,000 if i made enough money here to do that. i have to trust here at 18 not to take it and spend it. >> you're absolutely right. we get that question a lot because ultimately when an individual turns 18 if they want they can take possession of the money to do whatever they want with it. however, there are a few capacities you can give things like for education like the 529 moon where the five 29 beneficiary can be named to be your daughter and owner of that plan is for you.

if for some reason your daughter got a full scholarship, who noise, you don't like her anymore because you're owner of that plan you can take back possession of that money. i think it's a wonderful idea to begin a gifting process as early as possible but to do it in such a capacity when dealing with minors to make sure that the parent always maintains control of that asset. dennis: you know i'm in favor of control. thank you so much for being with us tonight. matthew raymer. that was a great job. >> thank you. my pleasure. thanks for having me. dennis: thanks. it has been a big week for the financial industry with the passage of new regs on big banks but as tom sullivan points out no one really knows what those regulations are. so what good are they? >> 100% of people outside of the financial industry have no clue what the volcker rule is and don't really want to know. and 99% of the people inside the financial industry feel the same way. it's a figment of politician's imaginations. they can't explain it but it makes them feel better because they did something. even paul volcker who i admire

greatly from, for his skills as fed chairman back in the '80s, he can't describe it. when trying to explain his rule on banning proprietary trading he resorted to the definition of obscenity. you will know it when you see it. i don't think so. the craziest part of this is proprietary trading had nothing to do with the meltdown in 2008. the entire dodd-frank bill was essentially written by bank lobbyists. the lawyers who represent big banks will have a field day. the rules are vague and ambiguous and difficult to enforce. but if it is so critically important then why the big delays? the banks have until july of 2015 to comply. seven years after the meltdown on wall street. a solution to too big to fail? it is not. dennis: nicely done, tom sullivan. be sure to catch it, tom sullivan's show is on fox news talk, siriusxm and many local radio stations every weekday at

3:00 in the afternoon. and coming up it is the kind of thing new moms dream of. just a few hours of peace and quiet but this new bouncey seat puts your baby in front after glaring ipad for as long as you want but is it bad for babies? tweet me and tell me what you think. "who made money today", this song siren got a whole lot richer by shocking her fans world over. "piles of money" coming right you. every day we're working to be an even better company -

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♪ dennis: and now for the cutest and most unpredictable part of our show. a baby's life is marked with bursts, first crawl, first words, for steps, and now first ipad. billboards and toddlers can be mesmerized by this new toys seat. mind that some doctors say babies should not be staring into a screen and all. a wise way to spend your money. psychotherapist rob ludwig and

founder of be the mom got comp. baby year. playing on the ipad as we speak. he wants to go first? you will go with the idea that this is a good idea. >> this is baby center's position. we are not judgmental. this is a natural progression of toys anyway, when you think about it. the kids are watching television, videos, pacifiers. and kids really need to be tech savvy. so this is just another form of entertainment. year to think about balance. that is what is important here. you're never it -- its never get to. dennis: i remember. there was a book written years ago called the blood in drug. was this more of that? >> boys ages ten and six and a

little baby in my belly. to make a long story short when the baby comes i do not want her in front of this ipad. at technology, everything in moderation. for the first two years to be brain development, there is no reason they should be in front of an ipad. there's enough going on. babies need to be swaddled, sporkin took a bite, love, right to. dennis: not that we would be doing that also. >> of lee that is going on in addition. you want your child to be swaddled. you want that people connection. it does not have to be either or commanded think that's the problem. we get to another or mine said. we don't need to demonize technology. orchids are so tech savvy, they're going to need to be familiar. >> i just don't think at this japanese. of course i understand that it is a tech savvy world. they need technology. but at this age, babies, 06 months, i just personally to my opinion, i don't believe. >> you worry about the baby boy

that muzzle use this wrongly and put baby there -- >> i worry about both. the baby's brain development and the care givers, mobs, nannies, that will put their babies here because he's trying or needs -- >> to glissade television or video game. within reason. the truth of the matter is most parents use television. dennis: the american pediatric association, baby doctors can no the steady years ago and said, no tv at all for any kid under two. it's bad for the. >> that was a little extreme, and there was a concern that there would be overstimulated and it might be leading to attention deficit disorder, interfere with brain function. my theory is everything in moderation. dennis: as much as you worry about this, look and look is here. he's paying a little bit of attention to the screen, but he's just as fast that with this, can you. >> great. i would much personal rather

have something like this without this attached to it. the brain and the babies and the technology. just at this hearing of an age of the business area. >> it's about choice. they can make that choice and be perfectly right. another mother can make another choice our father in decide to use it in an educational way. but we notice is that you have great people skills. dennis: getting paid per line of dialogue. that is. >> there has to be boundaries. there has to be -- people need to recognize that they cannot just stop the child. dennis: a six year-old and a ten year-old. how much steel let them play? >> i will tell you the truth, they get 45 minutes a day after school, after they're market is down on my pad. that is with they get. dennis: thomas television time?

>> that's all included. during the week. dennis: guilty of not stimulating the children enough. >> you know what to my love for and respected. at think is great we have so many choices. but to make moment, i have great people skills. that's great. but i think it's great to have the choice. i did think that we should use technology to stimulate our children, to use the men and educationally. dennis: and slick is. give them a man alone. his that tommy's playing with them every day. it does not seem like he has turned into a zombie. he seems pretty interactive. >> that's fine in great. a mapping for lucas. however, children should not play out in ipad. dennis: the one thing we know coming out of this is that the ipad -- it is not a guarantee it will make your child that there and be quiet. thank you for being with us. appreciate it.

okay. all right. enough. they say never work with kids our children or animals. your binging on tv. watching back-to-back shows in tolar sessions. a growing phenomenon, but it is a good thing? don't believe it. keep watching. and at the end of the day, it is all about "money." ♪ power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ [ male announcer ] the parking lot helps by letting us know who's coming.

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and no one applies more technology to produce american energy and refine it more efficiently than exxonmobil. because using energy responsibly has never been more important. energy lives here. ♪ open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state.

move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com. ♪ dennis: no wonder melissa is out today. this week is been exhausting. sorting through the wage rates, when another round with healthcare help, nearly overtaken by robots. here is everything you missed this week. ♪ >> and other day, another radical move and the wage war. >> everyone wants more benefits for their employees, but they're is a cost, and someone has to pay. >> tried to cut prices go up about 20 percent. >> if it is a matter of valuing.

dennis: the majority of them are not adults. >> the people are going to get hurt the most of the poorest people in need those skills the most. dennis: out of we stop this feeling that you have to take from the rich, you have to create jobs. you cannot expect it to just happen. of course you can't keep your plan. you can't keep your doctor. now you may not be will the demand isn't. >> the drug is not on this list. it will not be covered at all. >> getting anything but a funny reception from doctors. >> more medicaid patients, fewer doctors. >> it just seems like we are getting back to this two-tier system. >> a lot of doctors are saying it is not worth it. >> could bit : be the death of the dollar? >> it is a mystery to allow the people. a lot of myths associated with it to me as well. dennis: -- >> it is row week. what a ten robot that looks exactly like me. and to tell you, it's a little creepy.

will the next generation robots >> and not worry about losing jobs. dennis: a robot that helps doctors advise and diagnose remotely. >> this is a frenzy. completely -- >> i don't know. >> he did a good job. dennis: thank you. >> see you soon. dennis: we have to hang a more often. did you know, bin is the new black. the trend has been building. most of the people that streamed tv series go on a bender watching hours and hours of shows a once. a telling sign of our society and as our "money" talkers in a tizzy. of take-up person. also we enjoy no by solar back social. why don't you start to soften tellus. are you a better?

>> i am. absolutely. in today's day and age when we have busy we need to be efficient television watchers. make sure that we find a favorite shows. have the efficiencies with one show after the next. no commercial eruptions. what's better? at to the rules come limited time. i confess. dennis: said there on the couch watching breaking bad. >> it sounds so war will go along with 6 degrees and of america this using netflix, i have been watching, absolutely. dennis: use it you just stayed up all night watching the third season of homeland. >> and that of excited about anything, least of all television, but it was great. you don't want to wait a week to find out what happened. it is right there next to you. i thought it was great. think it's here to stay. dennis: what about a? >> and just coming off of a major bands of canada owns. but i would not call it binging. it is more of this instant gratification. we won it. we won it now.

i can't wait for it. this is the death of the cliffhanger. tv will follow this direction. dennis: the death of the cliffhanger. a great line. of course a print journalist said it. i remember when soprano's was at its peak i loved having to wait to see what happened. and to talk about a before and come in and talk about that after they're leverage that. >> did you love it to make it part of you where you get the little frustrated. you like, oh, it's just ended. when i love is at the end of the episode i get to see the next as -- episode expeditiously. as satisfying for me and for the majority of americans under 18- 35. netflix is almost over taking cable. 43 percent of those viewers. cable is 46%, nipping at the heels. >> speaking for the under demo, to bring a run down a little bit , younger people, it's not about talking at the water cooler, one of the riders at a house of cards said water cooler, was that?

we don't do water cooler. ron social media. instead of waiting for anything. as not how we interact. >> i would say represent the demo from 1940. in my age group but i found so refreshing about it is sometimes you like to wait a week. you really do, but not always. something like the first season of homeland, you wanted to get into it, and there was. the choice is terrific. dennis: to you think the viewing experience is different? beckham believe he said, it's more efficient. of be more efficient, but does it change you feel about a show? >> it does. you become a little bit more attached. you experience it one at -- one after the next. is a better story art. it feels like a movie experience. my wife and i will sit down and watch three hours worth of a half-hour show back-to-back and it feels like a movie experience >> is very emblematic of where we are as a society. we're investing culture, all of our homes, holding a penthouses,

investing in all theaters. we want to hang out a home. friends to my kids, siblings, espouses. dennis: do you think this ii yet spilling back over into hollywood? netflix put out new numbers the said they look at the half of yours when it posted all at once like the debt 13 episodes of house of cards, half of viewers watched within a week. he think this is spilling back into hollywood in the and starting to write a construct story arcs differently? >> the rapture and hollywood has been for a while the tv is the most interesting place to work. more creative freedom. better for writers. it is a writer's community. you are seeing a migration of talent absolutely that has an impact on the farm community. and frankly the talent is migrating. dennis: debentures. >> what i would say, it's like a movie. you sit there. you're there for three hours watching a movie called watching six episodes back-to-back. it's like a movie.

there is downside to this. turns out netflix disclosed recently on the sec attorneys a . you know, people of binging that means the shelf life of our shows does now last as long. that means we have to start deducting the cost. it's been six tell -- 6 billion of content. that could hurt earnings. if a kid hurt netflix earnings and a pinging requires netflix to make a change you have to wonder about time-warner content, viacom. >> but is bring down the whole model. all of the content producers of realizing that we have to make it cheaper so that we can compensate for the fact that the shelf life isn't there. another step does not have a syndication after life. it's not about that anymore. it's a revolution in the business model. dennis: amazon just put up a new show called beta house above for republican congressman. just a couple of episodes and now you have to wait.

already it may have its backlash. thank you for being with us tonight. and up next, are you living the high life to make some people are paying more than a million bucks for a 2-week world tour on a private jet. inspirational or just plain sickening. either way we will show you lots of details. stick around. you got to see. you can never have too much "money." ♪ this is the quicksilver cash back card from capital one. it's not the "juggle a bunch of rotating categories" card. it's not the "sign up for rewards each quarter" card. it's the no-games, no-messing-'round, no-earning-limit-having, do-i-look-like-i'm-joking, turbo-boosting, heyweight-champion- of-the-world cash back card. thiss the quicksilver ca back card from capital one. unlimited 1.5% cash back on every purchase, everywhere,

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♪ dennis: from the u.s. to every corner of the globe money has been flying. starting in russia where president student is cracking down on offshore companies. businesses in places like cyprus, luxemburg to avoid heavy-handed regulation and unpredictable taxes.

he says no more. more than a hundred billion dollars of russian money is lost overseas. i say at least that. over to the u.k. where fans of the royal family are cashing in on the future king himself. check out this spooky looking 20-inch porcelain replica of prince george in a cooking gown made of chiffon and lace. a movable arms and legs, the royal baby can be yours for just over $600. and the land of canada where politicians cannot stop arguing about santa claus. one liberal lawmaker challahs the fact that santa is a canadian citizen. but others insist it is without question and that he even has his own zip code. but does he have health care? ♪ dennis: time for a little go hopping upon peter going to need big bucks to but this luxury excursion. flex jet has partnered with abercrombie to offer a 14 day

trip around the globe entirely by private jet. not a bad way to avoid airport security few can afford the million and a half tell a price tag. here to tell us more, flex jet president to rethink you for being with us. i have to ask, you want to los numbers, but he should, how many trips of the book that this level? >> well, we just offered the starting in november. we are introducing it as a holiday gift. the experiences of a new luxury. those are really interested in it. fadel lot of folks call-in. people that are flexed jet owners with is currently, and also knew prospects. dennis: can we look at this in any way as a good sign for the economy, globally or in the u.s.? feel like in the melt down suddenly people are hiding brand levels and are afraid to be lavish with money. maybe that is now long faded. dennis: said -- >> i don't know that it is long faded, we have seen a return in

the economy. in our business we have seen an uptick in flying privately. private flying is a great business tool. as the uptick in the economy happens, you have a lot of folks using it as a business tool to get what they need done. our product to that we are offering now, the program i have is a great opportunity for when they want to spend time alone with their family and friends to go on a 14 day, maybe an excursion around the world, and do it in a very private and privileged accessible way. dennis: only american signing of for this? by the way, have you sold your first or yet to mercury's still waiting? >> we have not soler for store. we actually have a lot of people interested. we have had people call in and look for interest from around the world, so it is not just an american. dennis: are you getting much interest across china and is a? in that an enormous increase in wealth of the past decade?

>> yes. we have had requests from there. also from eastern europe, russia, and europe. dennis: tell us some of the places you're going. today trip to a soccer, japan, beijing, china. >> ya. we have troops tap japan where you will see tea ceremonies and temples. we have a trip that goes on to hong kong, china, the great wall, turkey, india, france. it -- it is an amazing an opportunity. with my partner we're able to get on the ground access to landmarks and historical things that money just can't buy. dennis: even if i were rich enough to afford this, and i have some death would be committed seems like i could buy a used private jet for 2 million are so. why not just to that? >> it's not just about to use private jet. there is an entire experience that goes along with it. all of the amazing access to the hotels, the dining. it is an inclusive trip.

it is not just the plain. it's all about the experience. having it all planned out and done is not just the itinerary, but the people, the extra people along with making this an extraordinary journey free of. dennis: what are some of the other extra bells and whistles i can expect from a one-and-a-half million? >> well, you will be -- have accommodations and some of the best hotels. the ritz-carlton, the peninsula in both hong kong and china. you will also have a guide who is with you the entire trip. luxury dining in various high end restaurants. it is an amazing all-inclusive trip they you don't have to plan. you have the experts in luxury travel experiences and the two partners, abercrombie and can't doing it for you. dennis: last answer, ten seconds to mulliken the profit margin by you making? one or 2% for 10%?

>> come on now. i'm not god to tell you that without each trip we're obviously going to make money. we're in the business to make money, but it is a thrill for us to deal to offer some type of opportunity like this to folks. dennis: nicely done. thank you for being with us. good luck selling that luxury trip. good night to you. >> thank you, dennis. dennis: of next, who made -- today. no doubt that this independent woman is one of the most irreplaceable in show business. she probably made of cast this morning to pay all for bills, bills, bills. got a yet? you should do is you have to spell it out? we will become back. you can never have too much "money." ♪ hi honey, did you get e toaster cozy?

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(vo) meee-ow, business pro. meee-ow. go national. go like a pro. dennis: wizards on wall street or main , here's who made money today, anyone who owns twitter. the stock has soared on optimism about ad revenue. stock surged 6.6% to its highest point yet. that's great stuff for

co-founder jack dorsey, he made $80 million or so today, something to tweet about. and making must be on arguably the best with kept secret in music in a long time, beyonce, she shocked fans this morning by dropping a surprise album without a single word of promotion. self-titled collection just appeared on itunes complete with 7 music videos. -- 17 music videos. beyonce wanted a new approach to sharing her work with fans in a new way. and warner brothers, it's wooing fans of the new hobbit movie with tickets costing $40, and that's without popcorn. instead, you get a fancy, flush seat, an advance copy to watch at home. we'll see if people jump on that deal. hope you enjoyed baby lucas. melissa's going to be back monday at 5 p.m. have a great weekend, and "the willis report" is next. ♪ ♪

♪ ♪ gerri: hello, everybody, i'm gerri willis. tonight on "the willis report," a user's guide to taxes. your tax questions answered from estate taxes to obamacare. we've got you covered. this is your time to chime in. we're including your e-mails, tweets and your phone calls. also the legal battle over a cross erected for war veterans. a judge orders it taken down, but will it be removed? we're watching out for you tonight on the willis report. ♪ ♪ gerri: welcome to "the willis report," your show, your money, your voice.