Sorry but you are quite wrong.
Volt amps are indeed real, just because they circulate around a closed circuit does not mean they don't exist at all.
The reason transformers (and alternators) are rated in VAs and not in watts, is that all those volts and amps can easily overload and destroy a transformer, even though the output load in watts may be minimal. Reactive power, particularly resonant reactive power can rise to destructive levels, it sure is real.
Try fitting a fuse to a very high Q tuned circuit, you can blow it easily with minimal applied power at resonance. Where did all those circulating amps come from ?