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because if they admit that COVID really is just a flu that makes their actions for the past year and a half pointless and makes them look bad...

Pharmaceutical profits go brrrrrr! Think about it, a mandate + boosters means they've essentially manged to put a tax on life.

Because big pharma wants repeat customers and their paymasters don't like it when promises aren't kept.

Because COVID causes massive amounts of excess deaths, even with nonpharmaceutical interventions (e.g. masks, social distancing, lockdowns...