Read Reagan's "The Speech" from 1964.
Conservatives had finally accepted Social Security to avoid destitution by reason of old age unemployment, but were insisting SS taxes be deposited as real dollars in private banks.
If that had been done, the economic growth of those NATURALLY low interest rates and available capital would have made much of this argument moot...especially the part about "where's my money".
And yes, every Congress member, Senator and President, past and present who signed off on this scheme should have all their assets confiscated (inclusive of their "estates") and the living should be imprisoned.
Now, THAT makes good sense!