The money itself doesn't vanish obviously, but the work does magically vanish, in the form of human consumption. The sheer amount of useful energy and resources

The money itself doesn't vanish obviously, but the work does magically vanish, in the form of human consumption. The sheer amount of useful energy and resources required to feed those people, power their computers, etc. is being "burned" in the same sense that bitcoin mining "burns" something. It's millions of hours of work for simply redistribution of demand. Bill Gates could pay 10000 people $10/hour to dig a hole and 10000 people $10/hour to fill the hole back with dirt. Obviously this money doesn't "vanish", but millions of hours are wasted (and the food and resources needed to power this work).