2 Kings 23:35
And Jehoiakim gave the silver and the gold to Pharaoh; but he taxed the land to give the money according to the commandment of Pharaoh: he exacted the silver and the gold of the people of the land, of every one according to his taxation, to give it unto Pharaoh-nechoh.
The verse belongs to the record of Judah's kings after the death of Josiah, whose reign ended in 607 B.C. Josiah was the last king of Jerusalem who obeyed the Lord's commandments and statutes, and after him Judah moved toward defeat by Nebuchadnezzar. From the end of his reign the people no longer kept the release years or Jubilees. After capturing Carchemish in 610 B.C. and cutting off all Assyrian territory west of the Euphrates, Pharaoh Necho fixed his headquarters at Riblah in the land of Hamath and ruled as overlord over the kingdom of Judah and the provinces round about.
Pharaoh Necho installed Eliakim as king of Judah and Jerusalem, changed his name to Jehoiakim, and commanded payment of silver and gold. As a vassal king, Jehoiakim gave the silver and gold to Pharaoh by exacting it from the people of the land, from everyone according to his taxation or assessment. This shows the burden of foreign rule and forced tribute laid upon an impoverished, tribute-paying people. Despite the people's poverty, Jehoiakim used their resources to build himself a magnificent palace, showing his selfishness and his unwillingness to humble himself when rebuked.
Jehoiakim was still king in Jerusalem when Nebuchadnezzar brought his army against it, so his reign forms part of the historical background to Daniel.