2022-11-02

Another 1987 Analog

A Massachusetts tax rebate statute triggers if revenue growth exceeds wage and salary growth by a trigger level. It has triggered twice: 1987 and 2022.

There's absolutely nothing tying this to the market, nor does the Philadelphia Phillies whose last two World Series titles in 1980 and 2008 came during terrible bear markets and recessions, as did the Philiadelphia A's title in 1929.

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