The answer to the riddle is that Ziggy Stardust is a fellow lurker and/or member at the Straight Dope and has brought unto us the unholy incarnation of the most heated debate present there in recent history.
Their server is responding as well as usual right now (i.e. not at all), so I can't link the thread or the article ATM, but IIRC the whole setup is impossible as it creates an infinite feedback loop between the wheel rotational speed and the conveyor belt speed. (For example, if the plane's engines have gotten enough thrust to normally propel the plane forward at 100 mph, the wheels would therefore be spinning opposite at a ground rate of 100 mph, but the conveyor belt would in turn have to go 'backwards' at 100 mph as well, so the wheels would actually have to be going 200 mph. Since the wheels would always have to be spinning twice as fast as any other component (or at the combined rate of speed of the conveyor belt and the airplane's theoretical speed), the whole setup is impossible. If you ignore that, the plane would take off independent of the conveyor belt, as the thrust is being created via the jet engines and therefore wheel speed is irrelevant, but with the stipulated setup, I believe that the entire situation is an impossibility.
And now that I've typed up my clumsy response, the server hamsters are on the move, and here are the better responses by the Perfect Master Cecil Adams:
Article One
Article Two
(Disclaimer: I haven't read those in quite a while, but I think that what I had said above should loosely correlate with the statements in the articles.)
Here I thought things were already getting ugly as I was looking through scores of useless, lame, and repetitious 'difficult brain teasers' to attempt to find one worthy of this thread, and then I come back here and see the infamous plane-on-a-treadmill dilemma ...
(and once again, my rambling typing style leaves me about a half-dozen posts behind everyone else ...)

And now that I've typed up my clumsy response, the server hamsters are on the move, and here are the better responses by the Perfect Master Cecil Adams:
Article One
Article Two
(Disclaimer: I haven't read those in quite a while, but I think that what I had said above should loosely correlate with the statements in the articles.)
Here I thought things were already getting ugly as I was looking through scores of useless, lame, and repetitious 'difficult brain teasers' to attempt to find one worthy of this thread, and then I come back here and see the infamous plane-on-a-treadmill dilemma ...

(and once again, my rambling typing style leaves me about a half-dozen posts behind everyone else ...)