How do we handle COVID ethically?

What do we do to get back up and running in a functional way? Specifically, how do we balance the needs of business/economy with the needs of populace health, and do so in an ethical way? Some examples of proposed ideas include: Sacrifice some (the vulnerable, marginal) for the greater good; herd immunity will eventually develop once 70% of the population becomes immune. Let those who are vulnerable stay shut in. Everyone else, continue with daily life while minimizing risk. Shut everything down for 6 months and provide universal basic income for each individual. Professional class employees shut in and do Zoom meetings between yoga and Netflix while front-line and essential (i.e. working class) workers risk themselves to keep the system running. Create $4+ trillion dollars out of thin air and distribute it to businesses and banks in an opaque fashion and also give individuals a $1200 payment. And loans. Shift society towards perpetual use of face masks. Create designer ventilators with advanced filtration features, many styles, many options. Facemasks become the rage, yet another symbol of status and inequity. Open schools to boost the economy (parents have to work) but risk outbreaks. Keep schools closed for health reasons but risk a stalled economy and gaps in learning.

What is your proposed approach of moving forward? Support it using an ethical framework Please write at least a 1000 words for this question.