How deadly is #COVID19?

It varies a lot by age, which confuses us.

In fact, the mortality risk from covid-19 is almost exactly the same as 1 year worth of "normal" background risk. You just get an extra year of risk compressed into a few weeks.
Year-long Lockdowns only start to become worth it on a per-person basis if:

(years of life remaining)×(risk of dying of #COVID19) > (years of lockdown)×(quality of life decrease from lockdown)
Since it's hard to nail down a precise value for the quality of life decrease, let's assume that that's somewhere between -5% and -50%.

What does the tradeoff look like by age group for a 1.5 year long lockdown?

I made a spreadsheet:
It turns out that even a 10% quality loss for 1.5 years leads to a net reduction in QALYs, and that's without weighting older people's life-years as less valuable, i.e. we are assuming that a year in a nursing home = a year in your 20s.

And it's still not worth it.
Contrast that to a 3 month lockdown, which is worth it even if we heavily discount the lives of people over 55 (i.e. 75 y/o lives are valued at just 30% of under-55s) and consider lockdown a 25% loss of life quality:
(make a copy of the spreadsheet to edit it)
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