1. It is both more contagious and lethal than flu. There were estimates that 40% to 70% of the world population will eventually get infected. Depending on how the world responds to this - millions might die.
2. This isn't flu. The same amount of people will die from flu this year as last year. COVID-19 deaths are additional deaths on top of that. Saying that we shouldn't worry about it because every year many of people die of flu, is like saying that we shouldn't make a big deal of the 2004 Indian tsunami because many people die of drowning anyway.