It reallocates the wealth from the taxpayer and the nation largely into the coffers of multinational corporations that is not wealth creation.
Welfare people pay tax on their benefits, imagine how much tax is created from the hundreds of millions allocated to people on welfare
All money is simply a debt, its to keep societies in a perpetual state of debt
Take a mortgage for example, you take out a loan to buy a house, they create 200k say out of thin air and loan it to you on the "promise" that you will pay it back and then own the home.
Up until the final payment that house still belongs to the bank (or at least a lien on it) and if you cant pay they take it back, you get nada back.
Money is a complicated business, shame they dont teach about money creation in schools, then again they dont want people to know how fucked up it really is.