This is a statement that lacks critical nuance.
Will there be herd immunity that eliminates the virus from the population?
I agree, the answer is probably "no".
But vaccines significantly reduce the chance of acquiring covid upon exposure, and they reduce the period in which you're infectious if you experience a breakthrough case.
https://www.nature.com/articles/d41586-021-02187-1
The result is that R is significantly reduced in a highly vaccinated population. This reduces the rate of spread and the chance any one person will be exposed, thereby protecting the vulnerable.
I know everyone is throwing around the example of Israel's experience, but no one seems to be considering just how much worse things would be for them if they didn't have a high rate of vaccination. The answer: a lot worse. Especially when you consider that, even with Delta, vaccines are highly protective against hospitalization and death:
https://www.covid-datascience.com/post/israeli-data-how-can-...