I know, reading research papers is boring, but this one might be worth your time:
Abstract: The current historical consensus is that Hitler’s rise to power in 1933 was largely a result of the Treaty of Versailles and the Great Depression (high unemployment and financial instability). However, these factors cannot fully account for the Nazi’s electoral success. Alternatively it has been speculated that radical austerity measures, including spending cuts and tax rises, contributed to votes for the Nazi party especially among middle- and upper-classes who had more to lose from them. We use voting data from 1,024 districts in Germany on votes cast for the Nazi and rival Communist and Center parties between 1928 and 1933, evaluating whether radical austerity measures, measured as the combination of tax increases and spending cuts, contributed to the rise of the Nazis. Our analysis shows that chancellor Brüning’s austerity measures were positively associated with increasing vote shares for the Nazi party. Consistent with existing evidence, we find that unemployment rates were linked with greater votes for the Communist party. Our findings are robust to a range of specifications including an instrumental variable approach a border-pair policy discontinuity design and alternative measures of radicalization such as Nazi party membership.
… at the bottom of page 2, continuing to page 3, it reads:
With dashed hopes and a loss of faith in the Weimar Republic, fury and
despair were channelled into the ranks of populists and demagogues, with
the Nazi party campaigning against austerity and offering promises for a
new era of prosperity. The lowest status groups and the unemployed turned to the Communists, but those just above in the economic hierarchy, who had more to lose from the tax hikes intended to enhance central government finances, favoured the Nazis.
Most of us understand the immediate implications of fascism. But as somebody who grew up in Austria at the end of the Soviet Union. And as such have seen the state of our neighboring countries first hand after the fall of the iron curtain. Believe me when I tell you that communism didn’t turn out great for the working classes either.