COVID19 deaths are not running at a rate of 2% of the people who contract it. Deaths are 2% of the people who test positive. Since there aren’t enough tests to check everyone, only those with the severest symptoms and in the most vulnerable populations are being tested; therefore, COVID19 deaths are 2% of the people with the severest symptoms and in the most vulnerable populations.
The bad statistic you’ve repeated is much of what’s fueling the hysteria. Until we have enough tests so that everyone, or at least a large, randomized population, can be tested for 1. current infection and 2. previous infection, we simply won’t know the death rate.
The overload of the healthcare system would be an actual concern. But the death rate? At the moment, that’s bad numbers.