We have 70k dead as of 3/6/2020 and it's already slowing. One would definitely have to take 70k number with a grain of salt. There are many deaths that have gone unreported because there weren't enough testing kits. Many countries aren't reporting deaths because their government wants to save face. Iran comes to mind.
What's different about this virus is in just a span of a few months it has claimed 70k deaths. At the rate people are dying, if we just let it run its course without any social distancing (like flu runs its course), we could have millions of deaths.
COVID-19 is ~10X deadlier than flu looking at the current numbers.
If we just let the economy go as is, with our healthcare overwhelmed and >1% of our population dying, that would be terrible. I don't know if I want to live in such a heartless world. Remember even young people are dying albeit at a lower rate.
One of my friends who did get COVID-19 explained that its not like a regular flu. The feeling of having a brick on your chest and not being able to breath is real. It really tires you and brings your worst fears to life. The worst 2 weeks of his life.
That is not a description of regular flu ^