Is Sovereignman.com a fraud?
Until about a year ago I had never heard of Sovereign Man. Then I started having some of our readers send us articles from the Sovereign Man website. It’s right wing stuff. Sovereign Man articles cast doubt on science and lockdowns and complain about big media censorship, Black Lives matter, and “trans” people. Recently, they sympathized with Trump supporters over the media’s take on the January 6th storming of the Capitol.
I’ll never agree with these viewpoints.
Anyway, back to Sovereign Man and why I’m writing this post.
Writing right-wing blog posts is secondary on the Sovereign Man website. Its primary objective is writing about money, investing it wisely, and keeping it away from the greedy hands of government. He’ll inform you about getting 2nd passports and opening offshore bank accounts. He’ll even give you tax advice. And he charges a lot for these services (from $195 US per year to $1955 US per year depending on the subscription level you’ve chosen).
Knowing we were retiring in Spain, a helpful reader sent us a confidential tax briefing from Sovereign Man entitled “Here is how you can live in Spain and pay no taxes”.
THAT’S when I really got curious. “Who, or what, is Sovereign Man??”
Sovereign Man and “Simon Black”
“Simon Black” is the “founder” of Sovereign Man. It’s not his real name though. He says his real name is “James”. (I’m not linking the site. If you really want to go to the site you can do that on your own).
Description (from the site):
James is an international entrepreneur, investor, and prolific traveler; he has traveled to over 120 countries and started or acquired businesses all over the world, from a private bank to a major South American agriculture producer. He is the founder of Sovereign Man and writes under the pen name Simon Black.
The above is as much detail as you’ll get. I personally find it strange that “James” would go under a pen name, after all anyone with that much success would want to profit from that. You don’t see Warren Buffett using a pen name. Maybe “Simon Black/aka James” wants you to think he’s an international man of mystery like James Bond. Or this guy. I know I would want to be him.
Note: We received a legal notice from Sovereign Man accusing us of defamation and threatening legal action unless we edit or delete this post. They’ve told us some of our assertions were either wrong or out of date.
We’ve therefore gutted the rest of the contents of this post. We judged that – based on both the subject matter and the people it was bringing to the blog – that this post just wasn’t worth defending.
But back to that article that prompted this post: “Here is how you can live in Spain and pay no taxes”. I consulted with 4 different Tax advisors on the validity of the document. I commend Sovereign Man because there is some validity to their briefing. BUT like all that I’ve read on Sovereign Man, all of it is half-truths subject to specific circumstances that won’t apply to most people. I’ve written about that in detail here: Do Americans and Canadians living in Spain have to file taxes?
So is Sovereign Man a fraud? That’s up to you to decide. Obviously some people are very sensitive on the subject though which makes you wonder…
A few more reviews of Sovereign Man