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But where does the money of the billionaires go?Your first point contradicts the second one.
Where do you think that the profits from increased productivity are going if not into the pockets of average workers? They don't disappear into the ether. They're being pocketed by the wealthy and by big business.
If the percentage of wealth held by people at the top grows disproportionately compared to the population as a whole, then it is an issue.
First of all, they get taxed on their income, so already a good chunk is going to the government.
If they reinvest it in their business in America, then that's good because more workers, more economic activity (buying/selling things in America, renting properties in America), etc.
If they keep it in their bank accounts then the bank takes the majority of their money and plays the stock market, meaning more economic activity, jobs, etc.
If they invest it in the stock market then same thing.
If they spend it in America (like let's say on a mansion), then other businesses get their money to grow, creating jobs, economic activity, etc.
The only real problem I can see is if they spend/invest money outside America.