If you are doing Well SEO i.e. according to Google Webmaster Guidelines then your website will not going to penalize in future whereas if you are using black hat seo techniques then definitely Google will penalize your website.
NO Google not hate seo, Google hate 404 error page, duplicate content, excessive links from single site, copy structure data etc. For better seo read term and condition of webmaster and panda, penguin updates.
Google truly energize website streamlining, however it surely detests tricky or cunning SEO. The SEO fabricate with the point of deceiving the internet searcher with stuffing watchwords, purchasing connections, website loaded down with advertisements, concealing the content, content written falsification, and so forth, Google truly despise these practices.
Google doesn't hate SEO at all. They love White Hat SEO techniques and encourage Webmasters to do so. However, many people sue Black Hat SEO techniques and Google has to take strict action against them. That's why they keep updating their algorithm. In order to avoid listing sites ranked by Black Hat Methods
If you are using White Hat SEO then, your site will not lose it's ranking at all. However, you should follow the instructions the update contains.