There is a thread just like this on another forum, 618 pages long! This one has a way to go to catch up
The plane does take off...I saw it myself.
The plane pushes with it's engines against the air, since the conveyor is not moving this air backwards the plane will move forward as normal.
The conveyor, matching the planes speed moves in the opposite direction but the conveyor has little influence on the body of the plane since it must act through a low friction bearing.
It would be different if the wheels had the brakes on, the force of the conveyor would be directly transmitted to the aircraft.
Because the wheels rotate, any force that the conveyor generates is just expended in rotating the wheels faster and heating up the bearings more.
The plane may feel slightly more drag through it's wheels because of the friction in the wheel bearings but this friction is minimal and easily overcome.
The result of the conveyor spinning backwards is to double the speed of the wheels rotation.
So, the plane is moving left at 220mph, the conveyor is moving right at 220mph, the wheels are spinning at 440mph..the plane takes off.