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Does the genuine Rotate tool (see main Tools palette, default shortcut "R") do what you want?
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I guess I've never rotated text with the corner handle before, I thought this was because you must have used text inside as opposed to pure text in a box, but no, it does the same thing. However if instead of creating an area with your type tool, and just click on the page with it (and get one line of text if you have placeholder text turned on), if you then type more text with returns, that type will rotate with the "box" using the selection tool on the text box handles...