The mortality rate of the common FLU in the US is estimated at ~0.095% [1][2]. Compared to 2% (a number that has yet to be confirmed), mortality rate would amount to a 20X difference.
Using the estimate flu spread from 2018-2019 (US CDC [3]), there were 35,520,883 reported cases with a mortality of 34,157. US numbers.
If this were instead 2%, the 34,157 would increase to ~710,417 deaths.
Equally concerning is the rate of complication (hospitalization). For 2018-2019 flu, 490,561 were hospitalized. That’s ~1.3%. The current estimate for nCov has been reported at 20%.
Which, using the same flu stats, would mean 7,104,177 hospitalized. The health care system could not handle this number and would subsequently lead to an increase in the rate of mortality.
The R0 for the common flu is estimated at 1.3 [4]. An R0 of 2.0 is a significant difference for the nCov. Again, this number is yet to be confirmed with values from different sources ranging up to ~4.0.
Despite some of the BS from the media over the years, this is not the flu. From what is currently known, it is the reason we are seeing extraordinary efforts towards containing the spread.