The Fool is an Old Energy Archetype from the Masonic Tarot Deck. In the Book of Slavery and Book of Power, the archetype is used to reinforce the idea that we are all fools in a cosmic school here to learn our lessons and follow the rules so we can be rewarded in one way or another.
List of Old Energy Archetypes from the Masonic Tarot
Chariot, Death (archetype), Hermit, Hierophant, High Priestess, Judgement, Justice, Star, Strength, Sun (archetype), Temperance, The Devil, The Emperor, The Empress, The Fool, The Hanged Man, The Lovers, The Magician, The Moon, The Tower, The Wheel of Fortune, The World (old energy)
Elitism: An "ordinary man." "Lower consciousness."  Undeveloped. Excluded. External to the temple.
Wirth provides an arrogant description of the fool as a "toy of occult powers," someone who is "easily influenced and it "incapable of resisting outside influences." "Subject to domination", with no free will. A slave. This person "does not count because of his lack of intellectual and moral existence."
Golden Dawn Version: "The wolf shows that the negative area or shadow area, of the unconscious is under control, as the docile attitude of the wolf towards the child implies. " 
"He is Man coming to perfection, knocking on the door of the Godhead in Kether. 
A "journey" through life. A journey to enlightenment. The key figure in a "deep spiritual journey"  A "journey in consciousness." (p. x). Through "experience" ... "we and the universe become one." (p. 110).
Perfection after effort " He is Man coming to perfection, knocking on the door of the Godhead in Kether." 
While most use the imagery of the fool to suggest the beginning of the fool's journey, Haich uses it to refer to the end, when someone has completed the journey. "This FOOL is man who has passed through the most advanced stages of human development on earth and has reached the highest level." There is a substantial portion of elitism in her descriptions. Normies cannot understand this on. "Thus, whoever has reached the goal must continue whether his primitive fellow-men 'bite' him or not. " One might consider the Golden Dawn Wheel of Fortune card here to see this elitism is a common theme in the Fool's Tarot.
An element of truth in Haich's account of the Fool. ... "The FOOL is a man who HAS BECOME ONE in his conscious- ness with LOGOS, with CHRIST, with LIFE!""
Fool in School: "When he appears at the end of the sequence the Fool has completed his journey, and he passes gaily through the world, the appearance of which has been transformed by his own inner transformation" 
- Ouspensky, P. D. The Symbolism of the Tarot: Philosophy of Occultism in Pictures and Numbers. Mineola. St. Petersburg, Russia: Trood Print and Pub., 1913.
- Wirth, Oswald. Tarot of the Magicians: The Occult Symbols of the Major Arcana That Inspired Modern Tarot. San Francisco. CA: Weiser Books, 1990. p. 155
- Wirth, Oswald. Tarot of the Magicians: The Occult Symbols of the Major Arcana That Inspired Modern Tarot. San Francisco. CA: Weiser Books, 1990. p. 153.
- Zalewski, Patrick, and Christine Zalewski. The Magical Tarot of the Golden Dawn. Aeon Books, 2008. p. 58.
- Zalewski, Patrick, and Christine Zalewski. The Magical Tarot of the Golden Dawn. Aeon Books, 2008.p. 59.
- Pollack, Rachel. Seventy Eight Degrees of Wisdom. Harper Collins, 1980. p. 155.
- Zalewski, Patrick, and Christine Zalewski. The Magical Tarot of the Golden Dawn. Aeon Books, 2008. p. 59.
- Haich, Elisabeth. The Wisdom of Tarot. London: Unwin Paperbacks, 1985. p. 157.
- Haich, Elisabeth. The Wisdom of Tarot. London: Unwin Paperbacks, 1985. p. 160.
- Haich, Elisabeth. The Wisdom of Tarot. London: Unwin Paperbacks, 1985. p. 162.
- Douglas, Alfred. The Tarot: The Origins, Meaning, and Uses of the Cards. Canada: Penguin Books, 1991. p. 116.