Composition as Identity is the thesis that a whole is, strictly and literally, identical to its parts, considered collectively. McDaniel [2008] argues against CAI in that it prohibits emergent properties. Recently Sider [2014] exploited the resources of plural logic and extensional mereology to undermine McDaniel’s argument. He shows that CAI identifies extensionally equivalent pluralities – he calls it the Collapse Principle – and then shows how this identification rescues CAI from the emergentist argument. In this paper I first give a (...) new generalized version of both the arguments. It is more general in that it does not presuppose an atomistic mereology. I then go on to argue that the consequences of CP are rather radical. It entails mereological nihilism, the view that there are only mereological atoms. I finally show that, given a mild assumption about property instantiation, namely that there are no un-instantiated properties, this argument entails that CAI and emergent properties are incompatible after all. (shrink)