Because goto can be used for confusing metaprogramming
Goto is both a high-level and a low-level control expression, and as a result it just doesn't have a appropriate design pattern suitable for most problems.
It's low-level in the sense that a goto is a primitive operation that implements something higher like while or foreach or something.
It's high-level in the sense that when used in certain ways it takes code that executes in a clear sequence, in an uninterrupted fashion, except for structured loops, and it changes it into pieces of logic that are, with enough gotos, a grab-bag of logic being dynamically reassembled.
So, there is a prosaic and an evil side to goto.
The prosaic side is that an upward pointing goto can implement a perfectly reasonable loop and a downward-pointing goto can do a perfectly reasonable break or return. Of course, an actual while, break, or return would be a lot more readable, as the poor human wouldn't have to simulate the effect of the goto in order to get the big picture. So, a bad idea in general.
The evil side involves a routine not using goto for while, break, or return, but using it for what's called spaghetti logic. In this case the goto-happy developer is constructing pieces of code out of a maze of goto's, and the only way to understand it is to simulate it mentally as a whole, a terribly tiring task when there are many goto's. I mean, imagine the trouble of evaluating code where the else is not precisely an inverse of the if, where nested ifs might allow in some things that were rejected by the outer if, etc, etc.
Finally, to really cover the subject, we should note that essentially all early languages except Algol initially made only single statements subject to their versions of if-then-else. So, the only way to do a conditional block was to goto around it using an inverse conditional. Insane, I know, but I've read some old specs. Remember that the first computers were programmed in binary machine code so I suppose any kind of an HLL was a lifesaver; I guess they weren't too picky about exactly what HLL features they got.
Having said all that I used to stick one goto into every program I wrote "just to annoy the purists".
