I'm new to this myth. The plane was going 40 mph forward and the belt 40 mph backward and so the plane should have been stationary relative to the ground. But it wasn't, you could see it moving past the cones. Therefore, I conclude that the plane's speedometer measures speed through the air, not relative to the ground. If the plane is going at 40 mph through the air, then I suppose that is sufficient to rise. The motion of the belt seems irrelevant.
Now I see the point. The airplane moves by pushing the air back with the propeller, not by pushing forward with the wheels. That's a pretty elaborate experiment to confirm this simple fact.