The cost of healthcare for all of the illness even if 100% of the population got the virus this month is less than the economic destruction our self-imposed economic sanctions have already caused even if they ended today.
This is only true if you don't count the cost of massive casualties that are impossible to fully quantify the cost of and only count of the cost of running the healthcare system at existing capacity.
Let's cook up a fantasy scenario where we have unlimited resources and can treat as many patients as needed. Let's also optimistically pretend that only 1% of cases need ICU treatment. Take 1% of 327M and you get 3.2M ICU beds required. Now let's say that at the peak, half the population is sick (likely given the unmitigated exponential explosion scenario), meaning we need 1.6M ICU beds at the peak. We have roughly 100k ICU beds in the country, 1/16th what we need. The cost of those beds would be trillions of dollars. Of course we can't magically materialize ICU beds, so hundreds of thousands will die. I'd choose 6-12 months of the GFC over that _any day_.
Do you not believe these basic facts or just don't have empathy for other people who are at risk?
2: 12 months of not actually living is already giving up about 1.3% of the life of our whole population, and that's not counting the health problems caused by poverty or the mental health cost of eternal social isolation.
3:. There is no believable model where 100% of the population gets the illness. Even the absurdly pessimistic models end up at 60-70%
4: the models that assume nearly everyone gets sick require that there are already many, many, many undetected cases, which makes severity and mortality much lower than is being otherwise imagined
5:. This will sound callous, but 99% of fatal cases involve folks with other serious chronic illness, and at least 80% (good numbers are hard to find) are past retirement age. Though these people add.much value and happiness to our world, they aren't going to produce much more economic productivity. This doesn't mean they don't matter, but we were having a discussion on economics
Let's cook up a fantasy scenario where we have unlimited resources and can treat as many patients as needed. Let's also optimistically pretend that only 1% of cases need ICU treatment. Take 1% of 327M and you get 3.2M ICU beds required. Now let's say that at the peak, half the population is sick (likely given the unmitigated exponential explosion scenario), meaning we need 1.6M ICU beds at the peak. We have roughly 100k ICU beds in the country, 1/16th what we need. The cost of those beds would be trillions of dollars. Of course we can't magically materialize ICU beds, so hundreds of thousands will die. I'd choose 6-12 months of the GFC over that _any day_.
Do you not believe these basic facts or just don't have empathy for other people who are at risk?