Because this story should have been over before the first issue ended.
Magneto would and really already should have merked that ass.
You're a legit Jew killing Nazi from WW2,
You dug up Charles Xavier's dead body and desecrated his corpse
You almost kill Scarlet Witch and then brainwash her to turn her into an Aryan Queen...
All so you can kill the newly repowered mutant populace.
You don't think Magneto wouldnt have thrown Red Skull into the sun an atom at a time at the slightest inkling of ANY of that happening? Is there any logical reason why Magneto doesn't know this is happening?
becasue the story is still being told and Scarlet Witch and Rouge are still missing. Hell the team has not even been formed yet.
My guess is the team when it forms will take care of red skull why involve magneto if they will take care of it.
are you just a magneto fan?