You may be right about most tent floors leaking. Look at the tent floor deniers and hydrostatic heads they are using---20/30 denier floors with low hydro head. Some floors never leak, even when sitting in a small lake with me on them. My Hilleberg tent floors may be the best on the market and they have never leaked in Lake Effect or Ground Sheeting, the two phenoms which happen in Southeast deluges.
The policy of "proper site selection" is usually the sound bite which comes out from a discussion about ground water coming under a tarp, but as Miner said, he did set up once at night and got ground water---due to lateness of the day or being tired or getting dark.
But too many people use the "proper site selection" mantra to justify their use of substandard shelters like tarps or UL tents for the conditions at hand. In the Southeast mountains where I set up (think NC and VA and TN), ground water is always a possibility no matter where you set up camp. I have seen hard rain deluges cover an area in sheeting ground water in pristine campsites never used before; it all depends on how hard it rains.
I have posted this vid several times before but it's a good indication as to what can happen in the Southeast during a thunderstorm. This campsite was new and not packed down into concrete and was on top of a 5,300 foot ridge with adequate drainage, except all drainage must pass over the ground in sheets---
If it rains hard enough, this will inevitably happen no matter where you are camped. The tons of water hitting your tent or tarp must drain off the fabric and guess where all this water goes? Onto the ground and around your tarp and eventually it has to flow somewhere to get where it wants to go, i.e. under your shelter, as it makes its way off site. Even a tilted "well-drained" site will get this ground sheeting water.
I know what it's like to be under a tarp when ground water hits---Everything is piled high on my sleeping pad and I squat in the middle waiting for the pool to subside. Otherwise, you wake up with a wet sleeping bag because the water finds its way over your ground cloth.
SITE SELECTION
I'm a firm believer in letting your shelter dictate where you set up and not the site. Therefore a good shelter gives a person more freedom to camp wherever they want or must despite the lay of the land. (Within reason---you wouldn't set up in a creekbed before a flood or under a dead pine snag in a windstorm).
These are examples of what can happen in the Southeast if it rains hard enough. And this was taken on Whiggs Meadow at 5,000 feet in January 2014 after a 150 hour rainstorm. Yes, a long 6 day rain. A good tent floor will keep you and all your gear dry in such conditions.