Earlier quoted context omitted.
If everyone will get it as you say, the elders will too.
Yes, it isn't even about protecting the old. The sole purpose of the quarantines and self distancing is to avoid the healthcare system to collapse. Corona will become a constant companion for mankind, unless people get, one day, broadly vaxxed. But since we can't get people to vax for far worse diseases this won't happen.
But herd immunity due to widespread (if imperfect) vaccination gets you much of the way there. Assuming flu vaccines continue to work, there probably can't be flu outbreaks that kill tens of millions of people as there have been in the past.