Not trying to pick a fight. Its just an interesting thought experiment.

In frontier lands in the past and even to this day companies provide what you describe. Many complain that a single source controlling so much of what a person needs (income, housing, education, and child care) invites abuse. Maybe not by the person at the top alone.

Basically you have created a monopoly over these services and in some ways have created a private government. After all, many governments provide this same list for those at the bottom of the income scale. Its full of possible problems.