Luckily 1% IFR is an over-estimate by around 10x, may 5x if you use pessimistic assumptions, especially now with the vaccines. UK govt admitted in Parliament a few weeks ago that IFR is now <0.1%
Moreover that number assumes everyone will get infected, but there's nothing deep driving that belief. Scientists don't understand to what extent the immune system can recognize and fight viruses based on prior exposure to other similar viruses, so they just ignore the possibility and assume no such ability exists at all. Yet it's been nearly two years now and I never got infected even after I spent 10 days self-isolating with someone who had it and had symptoms. Most of the population hasn't tested positive despite saturation levels of testing. The assumption of 100% infection doesn't seem to be a very good one.
Dunno why you are getting downvoted - I've been on dozens of flights from coast to coast in the US during COVID and never contracted it. I'm a routine blood donor and have come up negative for COVID every time. I'm not claiming some sort of special invulnerability, just pointing out that I'm either VERY lucky or this thing isn't nearly as transmissible as our darling media is flogging it to be.
Moreover that number assumes everyone will get infected, but there's nothing deep driving that belief. Scientists don't understand to what extent the immune system can recognize and fight viruses based on prior exposure to other similar viruses, so they just ignore the possibility and assume no such ability exists at all. Yet it's been nearly two years now and I never got infected even after I spent 10 days self-isolating with someone who had it and had symptoms. Most of the population hasn't tested positive despite saturation levels of testing. The assumption of 100% infection doesn't seem to be a very good one.