Commentary California is the worst state in the union for doing business—again. For the second year running, California ranked dead last in a survey of chief executives regarding the best and worst states to run companies. Even though California is home to the Port of Los Angeles, Silicon Valley, Hollywood and Napa Valley—all best-in-class for the industries with which their regions are synonymous—California’s high tax burden, high cost of living and other factors put the Golden State at the bottom of the list, according to the latest annual ChiefExecutive.net survey. The survey in March asked 383 chief executives to share their views on the worst and best places to do business in America. Texas topped the list for the 17th consecutive year. When choosing a place to operate, 37 percent of surveyed chief executives said a state’s tax policy was the decisive factor. A state’s regulatory climate was the highest …