If governors "rip off the bandage" it will cause hundreds of thousands or even millions of deaths, although those deaths will be most heavily concentrated among communities of color, poor whites and Hispanics, and elderly people. These are the groups that rely heavily on government funded programs like Medicare, food stamps, and housing subsidies - all things that are paid for, in part, by taxes on billionaires.
These billionaires also, in large part, got their riches through economic activity. So it appears this effort may produce a twofer for these right wing billionaires: the "expensive" people die off so it's easier to cut billionaire's taxes, and even if massive numbers of workers get sick and die there will always be more poor people willing to come into the workforce to make more money for the billionaires. Heads they win, tails you lose.