Yes, the money flows uphill. Having more wealth means being able to make more wealth, faster. It's a feedback loop. True, some of that comes from printing money. But value is actually being created all the time (which means some new money must be printed all the time), and capital will capture an ever-increasing share of the increasing pie. The rate of this increase is faster than the wealth is created. You can see this in the widening income growth gap between the top and the bottom. In turns out that a rising tide can indeed raise all boats, but it raises the boats at the top of the income curve much faster than those at the bottom, to the point where the boats at the bottom are only infinitesimally better off while the income of the rich is multiplied many times over.