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. ¹ 

This happened because the Israelites sinned against the Lord their God, who brought them up from the land of Egypt and freed them from the power of ¹  Pharaoh king of Egypt. They worshiped ²  other gods;

Now look, you must be trusting in Egypt, that splintered reed staff. If a man leans for support on it, it punctures his hand and wounds him. That is what Pharaoh king of Egypt does to all who trust in him.