Ironically, Gov. Mitt Romney had a better idea: that all individual taxpayers be subject to an absolute deductions cap.

FORBES: The Fiscal Cliff Opportunity for Gutsy Leaders

"As we sense in real time more and more about the individual, such as moods and behaviour, we need to provide near absolute guarantees that the information will not be subject to theft or attack, down to the silicon melting and still not giving up its data, " says Justin Rattner, chief technology officer at Intel, the world's biggest chipmaker.

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