Does Rhode Island have a long way to go in improving its economic climate? No doubt.

Should we be alarmed by a recent Tax Foundation report that placed us last among the 50 states in evaluating the business tax climate? Perhaps not.

URI's Maureen Moakley beat me to the punch on A Lively Experiment last week in observing how four of the top five states in the foundation's ranking are not places where she (or, more importantly, many Northeast-based businesses) would choose to make her home: