What would you call this?

So I think it's like socialism but I'm not sure. I think everyone should have enough money to be able to live. All essential items like shelter, water, basic food, basic clothes should be free but things like chocolate, sweets, wine, sugary food shouldn't be free.

Not everyone needs to work if they don't want to and should be given support to live on their own but if you want any luxuries then you will need to work to be able to afford those.

Things like phones, any tech or any fancy items can stay the same price but more necessary items to function but not necessarily to survive should be cheap.

Millionaires can exist and maybe even billionaires so long as there's nobody homeless or fighting to survive fighting for every paycheck.