And only double sided, which are rarer these days, apart from simple stuff. And ever tried machining 0.1mm tracks and gaps.
As the milling tool diameter decreases, the spindle speed has to increase and the feed rate has to generally decrease and be matched to the tool size. Even 0.5mm tools are a nightmare to play with, any lateral force during machining and you have an expensive bit of scrap. Then you have machining time, 1 board per machine, 10 machines, 1hr per board (I am being generous here), 10 hours to produce a batch of 100 providing there are no mishaps. As there are 6 billion passive components placed a day, you would need a lot of milling machines to produce the PCB's.
The reason why to use 45 deg corners has been answered.
1. You can fit more traces into a certain space.
2. It minimises the route length from a to b,
3. Minimises impedance mismatches, while not as critical as thought at normal frequencies, every little bit helps.
4. The layout looks neater.
5. It is common practice, and most engineers will insist on it, so do it.
6. It is easier to etch, no sharp corners to hold etchant, again not as critical today, etching has evolved.
Have Fun