Infection Fatality Rate (IFR) estimates
UK: 0.4% - 1.4%
Iceland: 0.01% - 0.19%
Princess Cruise: 0.38% - 2.7%

CEBM summary estimate: 0.1% - 0.26%. https://www.cebm.net/covid-19/global-covid-19-case-fatality-rates/

Whereas the average bloke on the street is absolutely convinced he has a 5% chance of dying if he gets infected.

And these single IFR estimates are not even representative of the average bloke's risk. The IFR is almost entirely due to those with significant comorbidities, which in turn correlates very significantly with age. Average healthy person is an order of magnitude lower risk still.

Typical age distribution. The table shows case fatality rates (CFR), not IFR, and so are much MUCH *MUCH* higher than the IFR. Focus not on the numbers, but on the shape of the distribution. Nearly a 100 fold variation in risk from healthy (young) to multiple comorbidities (old).

No one is saying "screw the old", or "we don't care about the sick." The issue is (1) the risks to the regular person have been RADICALLY exaggerated, (2) those with comorbidities are always at risk from seasonal viruses, and measures should be taken to isolate them.

And we can do that without violating civil rights, wrecking the economy, putting tens of millions out of work, and forcing hundreds of thousands of businesses under, issues that have been RADICALLY underestimated -- almost ignored -- in the calculus.