Wouldn't that largely depend on the age of the victims? If the majority of victims are over retirement age, then this isn't likely to be true.
We've had nearly 1% of our population killed or wounded in a short period of time before, it's impact on the economy doesn't seem that obvious.
> 18 of those will have permanent heart damage for the rest of their lives. > 10 will have permanent lung damage.
The extent of these doesn't seem clear either, looking back to the previous SARS epidemic, there was significant ARDS recovery after diagnoses over a period of several years; however, with other certain pre-existing conditions the organ damage was permanent.
Even in those cases, the rates are significantly lower than this suggests. It seems like a lot of small sample size studies were used to generate these numbers. I don't doubt COVID is horrific and requires special care to address, but I don't see any benefit in exaggeration.. particularly if your goal is to address an already skeptical audience.