Jehoiakim paid Pharaoh the required amount of silver and gold, but to meet Pharaoh's demands Jehoiakim had to tax the land. He collected an assessed amount from each man among the people of the land in order to pay Pharaoh Necho.

In his days Pharaoh Necoh king of Egypt went up against the king of Assyria to the river Euphrates: and king Josiah went against him; and [Pharaoh Necoh] killed him at Megiddo, when he had seen him.

Pharaoh Necho made Josiah's son Eliakim king in Josiah's place, and changed his name to Jehoiakim. He took Jehoahaz to Egypt, where he died.

""Now who are you relying on, that you have rebelled against me? Look, you're trusting on Egypt to lean on like a staff, but it's a crushed reed, and if you lean on it, it will collapse and pierce your hand. Pharaoh, king of Egypt, is just like that to everyone who relies on him!

Then Pharaoh Neco confined him at Riblah in the land of Hamath, from reigning in Jerusalem, and imposed a levy on the land of a hundred talents of silver and a talent of gold.

Now [this] happened because the {Israelites} had sinned against Yahweh their God when he brought them up from the land of Egypt from under the hand of Pharaoh the king of Egypt and they feared other gods.