The Russell–Myhill theorem threatens a familiar structured conception of propositions according to which two sentences express the same proposition only if they share the same syntactic structure and their corresponding syntactic constituents share the same semantic value. Given the role of the principle of universal instantiation in the derivation of the theorem in simple type theory, one may hope to rehabilitate the core of the structured view of propositions in ramified type theory, where the principle is systematically restricted. We suggest (...) otherwise. The ramified core of the structured theory of propositions remains inconsistent in ramified type theory augmented with axioms of reducibility. This is significant because reducibility has been thought to be perfectly consistent with the ramified approach to the intensional antinomies. Nor is the addition of reducibility to ramified type theory sufficient to restore other intensional puzzles such as Prior’s paradox or Kripke’s puzzle about time and thought. (shrink)