It's really not. People just don't seem to grasp that the rates for positive cases are drastically different than the rates for people infected. We aren't doing nearly enough testing to catch even all the symptomatic cases let alone the asymptomatic and mild ones.
The infection fatality rate is almost certainly under 1% and not everyone will get infected even in the worst case.
>Not to mention 1/100 is enough for a lot of people to result in at least one person they know dying.
Only if we use a very broad definition of what "know" means.