As far as I can tell, the vaccines are not one hundred percent effective, but any time I hear anything about hospitalizations/deaths due to COVID since vaccines became widely available, it’s mostly been people without vaccination who have been getting severely ill. If that’s accurate, it means that yes, there are fully vaccinated people who still get severely ill (probably even some without other conditions that may affect their susceptibility / the efficiency of the vaccine) who get severely/deathly ill from it and there are plenty of unvaccinated people who don’t get sick at all, but a vaccine still significantly reduces the probability of severe illness. Probably similar to, say, taking an antibiotic for strep throat - not taking one does not mean you certainly will have serious complications from it and taking it does not mean you absolutely won’t, but all else equal, someone taking an antibiotic is much less likely to become severely ill than someone not taking one (I know vaccines are preventative and antibiotics are treatment after contraction, that difference doesn’t really play into the intended analogy).
I also do not know if vaccinations are actually reducing contraction of the virus, or just the probability of getting sick from it but not the chance that one is a carrier, which is why I still take the same amount of precaution even though I have been fully vaccinated for months. Doesn’t hurt me any to wear a mask, keep my hands clean, etc., but it might hurt someone(s) else if I don’t.
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Yet in my new wildness and freedom I almost welcome the bitterness of alienage. For although nepenthe has calmed me, I know always that I am an outsider; a stranger in this century and among those who are still men.
-H. P. Lovecraft, "The Outsider"